About this form
As a land owner, if you enter into a conservation covenant and:
- do not receive any money, property or other material benefit as a result, you may be able to claim
- a tax deduction
- concessional capital gains tax (CGT) treatment.
The amount you can claim as a deduction is the difference between the market value of the land just before you entered into the covenant and its decreased market value just after that time, but only to the extent that the decrease is attributable to entering into the covenant.
You must seek a valuation to determine the difference in the market value of the land. You can phone us on 1300 130 248 for information about the valuation process.
To request a valuation from us, you need to:
- lodge the Request for valuation – conservation covenant program form
- pay a non-refundable application fee, which will be credited against the total fee for the valuation.
After we have received the form and application fee, we will advise you in writing of the estimated cost for the valuation.
When we have completed the valuation we will provide you with a Valuation certificate.
How to obtain this form
You can download this form in Portable Document Format (PDF) – download Request for valuation – conservation covenant program (PDF,290KB)This link will download a file.
Request for valuation - conservation covenant program form.