Federal Government consults on build-to-rent tax concessions

As outlined by Scott Farrell, Matt Ervin, Shirley Lam and Ivan Chan, the draft legislation is broadly in line with expectations, however there are key areas which have changed from the initial announcement in May 2023.

Treasury has released for consultation exposure draft legislation to implement the previously announced build-to-rent (BTR) concessions for reduced withholding tax (WHT) rates under the Managed Investment Trusts (MIT) regime and accelerated capital works deductions.   The draft legislation is broadly in line with the initial announcement, however there have been some additional requirements and changes that will impact the ability of projects that commenced post-May 2023 to qualify...

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Authors: Scott Farrell, Matt Ervin,

Published Date: 11 April 2024