A Legal Guide to Build-to-Rent Tax Incentives in Australia vCourse

A Legal Guide to Build-to-Rent Tax Incentives in Australia vCourse

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Recorded: 6 July 2023


Overview

The federal and state governments recently introduced tax incentives to increase the supply of new housing for rent, including build-to-rent properties.

These incentives are designed to ease the severe housing crisis in Australia. However, the unfavourable tax treatment of build-to-rent investments has been a barrier to investment.

The Urban Developer presents a virtual course that will provide property developers with a legal understanding of the build-to-rent tax incentives in Australia.

The course will cover the key features of the incentives, eligibility requirements, and compliance obligations.

 

Course Outline

 

 

PART ONE
Introduction to Build-to-Rent and the Housing Crisis in Australia

  • Overview of the housing crisis in Australia
  • Introduction to build-to-rent properties to increase housing supply
  • Importance of tax incentives to encourage investment in build-to-rent projects

PART TWO
Australian Government Build-to-Rent Tax Incentives 

  • Reduction in withholding tax rate for managed investment trusts from 30% to 15% from 1 July 2024
  • Increase in rate of capital works (depreciation) deduction from 2.5% to 4% per year
  • Eligibility criteria

PART THREE
Build-to-Rent Tax Incentives in New South Wales

  • 50% reduction in land tax until 2040
  • Surcharge purchaser duty and surcharge land tax exemptions and refunds
  • Eligibility criteria, compliance requirements, and timeframes
  • Clawback provisions

PART FOUR
Build-to-Rent Tax Incentives in Victoria

  • 50% reduction in land tax
  • Exemptions from absentee owner land tax surcharge
  • Requirements for eligibility and compliance
  • BTR special tax and continuous usage obligations
  • General exemptions for absentee owner land tax surcharge and foreign purchaser additional duty

PART FIVE
Build-to-Rent Tax Incentives in Queensland

  • 50% reduction in land tax for up to 20 years
  • Exemption from foreign investor land tax surcharge
  • Exemption from additional foreign acquirer duty
  • Proposed commencement date and ex gratia relief options

PART SIX
Practical Considerations

  • Strategies for maximising tax incentives in build-to-rent projects
  • Practical tips for compliance and ongoing management of build-to-rent properties
  • Q&A