Industry welcomes Labor's plan to cut the managed investment trust withholding tax rate on eligible build-to-rent developments from 30 per cent to 15 per cent from July 2024, and lift depreciation from 2.5 to 4 per cent. UDIA president Maxwell Shifman calls it a landmark decision unlocking at-scale supply.
As I told the Australian Property Journal: “This is a landmark decision by government that will be critical to unlocking the at-scale housing supply Australia needs to combat our affordability crisis and gives build-to-rent a chance to be a viable solution for our housing supply crisis,”
Australian Property Journal, 30 April 2023 — Read the full article