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 (i.e. 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 2040 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. This concession will apply until 2040. 
• 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: From 1 July 2023 until 30 June 2050

• Eligible BTR projects are entitled to a 50% reduction in land value for land tax calculation for a maximum of 20 years.
• Foreign companies and trustees of foreign trusts which own BTR land will be exempt from the foreign investor land tax surcharge for a maximum of 20 years.
• A full exemption of Additional Foreign Acquirer Duty for acquisitions of land which is to be used to construct eligible BTR projects on or before 30 June 2030.
• A full Additional Foreign Acquirer Duty exemption for acquisitions of land which is already being used for an eligible BTR development.

Incentives: Yes

In force: From 2023-24 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 2023.
• This concession is contained in the Statutes Amendment (Budget Measures) Bill 2023 which was introduced to the House of Assembly on 15 June 2023, however, is yet to pass.

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, being 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 available.

Incentives: Yes

In force: From 1 July 2023

• Eligible BTR properties are entitled to a land tax exemption of 50%. BTR concessions are available with respect to eligible developments for a maximum of 20 years.
• Exemption is applicable to developments which are completed between 12 May 2022 and 1 July 2032.
• This concession is contained in the Land Tax Assessment Amendment (Build-to-Rent) Bill 2023 which was introduced to the Legislative Assembly on 17 May 2023, however, is yet to pass.