Absence from your former residence
What is this concession?
If you move out of your principal place of residence (your home), and move into another residence that you do not own (for example, if you are posted overseas or interstate), you may be able to claim an exemption from land tax. This exemption will be allowed for a maximum period of 6 years.
Eligibility
The exemption will apply if:
You have used and occupied the property as your principal place of residence for a continuous period of at least six months prior to the exemption period
You do not own and occupy another principal place of residence worldwide
The total period in which you receive income from leasing or licensing the property does not exceed six months in a calendar year. (If you lease the property for more than six months in a calendar year, you will have to pay land tax for the next tax year)
Income is derived from people who occupy the property during your absence, provided it is no more than is reasonably required to cover rates, water and electricity charges and similar outgoings (but not mortgage repayments)
If you fail to resume occupation of the house as your principal place of residence following the six-year absence the land will become liable for the next tax year.
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