You may be exempt from land tax for up to two consecutive assessment years for a property that has taken two or more years for construction or refurbishment to be completed if:
- construction or refurbishment is carried out in the first assessment year and
- construction or refurbishment is completed in the second assessment year and
- the owner occupies the property as their primary residence in the second assessment year and
- no income was derived from the property between the beginning of the first assessment year and the time the property is occupied as the owner’s primary residence and
- the owner doesn’t own any other private residential property that is exempt from land tax as their primary residence.
See the Land Tax - Private Residences fact sheet.
How to apply
Submit the application form (linked below under Documents) after you have commenced construction or refurbishment.
Extending the exemption
If you commenced construction between 1 July 2020 and 30 June 2023
If you entered into an initial building contract (or for an owner builder, if the building permit was granted) between 1 July 2020 and 30 June 2023, your property may be exempt from land tax for up to three years if:
- construction or refurbishment is carried out in the first assessment year and
- the owner occupies the property as their primary residence in the assessment year following the financial year in which the property was completed and
- no income was derived from the property between the beginning of the first assessment year and the time the property is occupied as the owner’s primary residence and
- the owner doesn’t own any other private residential property that is exempt from land tax as their primary residence.
The Commissioner may exempt a fourth assessment year if there was a delay in completing construction which was beyond the owner’s control. Submit a web enquiry with your request for an extension and evidence of the reasons for the delay.
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