The current state of play: State and Territory land tax relief for Build-to-Rent (BTR) projects

Incentives: No

In force: N/A

• There are currently no incentives specific to BTR projects in the ACT, however under the current ACT tax system, a reduced rate of land tax may be achieved where a development has one single title, rather than a title for each unit (ie. a residential BTR development of a number of dwellings may share one single title where individual units within a residential development are not intended to be individually sold).
• The ACT Government is currently considering further financial incentives and planning changes to encourage appropriate BTR development in the ACT.

Incentives: Yes

In force: From 2021 land tax year until 2024 land tax year

• Eligible BTR properties that commence construction after 1 July 2020 are entitled to a 50% reduction in land value for land tax calculation purposes and exemptions from foreign investor duty and land tax surcharges
• Eligibility requirements are set out in the Treasurer's Guidelines and Revenue Ruling G 014.

Incentives: No

In force: N/A

Incentives: Yes

In force: Proposed from 1 July 2023

• Currently, only ex gratia relief from land tax and foreign investor land tax surcharge is available for Australian-based entities that are either significant developers or undertaking a significant development that adds to the supply of housing stock in Queensland.
• The Queensland Government is proposing to introduce a 50% discount for BTR schemes containing at least 10% rental homes as affordable housing for up to 20 years, as well as a complete exemption for foreign investor land tax surcharge for up to 20 years.
• Further information will be available following consultation with the property industry.

Incentives: Yes

In force: From 2022-23 financial year until 2039-40 financial year

• A 50% reduction in the land value for land tax calculation purposes will be available where the land is used as an eligible BTR project, and where construction commenced after 1 July 2021.
• The Statutes Amendment (Budget Measures 2021) Bill 2021 was passed on 26 October 2021, however the Bill is still awaiting assent.

Incentives: No

In force: N/A

• There are media reports which state that Tasmania is considering copying the NSW land tax concession for BTR schemes, however, no government announcement has been made so far.

Incentives: Yes

In force: From 1 January 2022 until 31 December 2031

• A land tax concession – a 50% reduction in taxable value of the land – is available on land eligible for "BTR benefits" for up to 30 years. A full exemption from the Absentee Owner Surcharge is also available.

Incentives: Yes

In force: Proposed from 1 July 2023

• The WA Government has announced a 50% land tax concession for eligible large-scale BTR developments.
• Further information will be made available once the details are finalised.