The reaction by investors to the current crisis has been heart-warming. Most owners of retail property have been generous and fast acting in helping those tenants who are struggling.
The NSW State Government however have not yet acted with the same urgency to the problem. Deferment plans just kick the can down the road where the tenant will just have more debt.
At John Hill & Co , we are lobbying for the final instalment of Land Tax be CANCELLED. This measure is simple to implement and would have an immediate effect. Outgoings, including Land Tax, can represent up 80% of the total rent a commercial or residential tenant pays. During these unprecedented times, ACTION must be applied across the board, so that all can benefit and come out the other side, with business and livelihoods intact. This affects your local pharmacy, favourite coffee shop, mechanic, accountant, physio, hairdresser, fruit shop, pizza restaurant..this list goes on.
We ask for the following to be implemented by the NSW government. These measures will deliver an immediate and efficient impact:
> 1. The next land tax instalment that is due to be cancelled.
> 2. This cancelled instalment amount is immediately passed onto the occupier whether they are residential or commercial (gross or net lease).
> 3. Enforce fines if the relief is not passed on.
> 4. Residential landlords to receive a one off payment of $1,000 which is to be passed to the occupier, in the way of rental relief.
You can help and make a difference!
1. Please support our petition http://chng.it/h6jFLBD5Rm
2. Write to your local member and speak on behalf of all commercial and residential tenants out there. https://www.parliament.nsw.gov.au/members/pages/all-members.aspx?house=LA
3. Email Damien Tuderhope MP Minister for Finance and Small Business Web https://www.nsw.gov.au/your-government/ministers/minister-for-finance-and-small-business/
4. Email Dominic Perrottet Treasurer email@example.com; firstname.lastname@example.org