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

Product description

** For TUD+ Professional Members this recording is free to access by visiting this link whilst being logged in to your account. 
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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 ONEIntroduction 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 TWOAustralian 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 THREEBuild-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 FOURBuild-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 FIVEBuild-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 SIXPractical 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