Does the Lease Variation Charge apply to my development?
You may be eligible for a Lease Variation Charge (LVC) reduction if your development meets these requirements:
- Your property is in an RZ1 or RZ2 residential area.
- You are changing the Crown lease to allow one or more additional homes to be built.
- You join the LVC Deferred Payment Scheme on or after 10 June 2026.
- Your development is approved before 30 June 2029.
- All new homes are completed by 31 December 2030.
If you meet all these conditions, your development may qualify for the ACT Government’s LVC reduction for Missing Middle developments.
Reference: Lease Variation Charge reduction for missing middle development – ACT Government
Short Answer
You may get a Lease Variation Charge (LVC) reduction if your project is a qualifying Missing Middle development. The property must be in an RZ1 or RZ2 area, you must be adding extra homes through a Crown lease change, and you must meet the required approval and construction timeframes.
Detailed Explanation
The Lease Variation Charge (LVC) reduction may apply to your development if it meets all of the following eligibility criteria:
- The development is located in an RZ1 or RZ2 residential zone.
- It requires a Crown lease variation to add one or more dwellings to the property.
- You enter the LVC Deferred Payment Scheme on or after 10 June 2026.
- Your development receives development approval before 30 June 2029.
- Construction of all dwellings is completed by 31 December 2030.
If your development satisfies all of these requirements, you may be eligible for the Lease Variation Charge reduction under the ACT Government's Missing Middle development initiative.
No minimum block size does not remove the need for planning assessment.
Would you like to know what these rules mean for your property?
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