Australia Seeks Input on Guidance for Build-to-Rent Incentives

The Australian Taxation Office will seek feedback on guidance priorities for the country’s new tax incentives to encourage investment in and construction of build-to-rent housing.

The office is beginning a targeted consultation on the tax incentives with professional associations and industry representatives, the ATO said in a statement Wednesday. The consultation is expected to be completed in March.

• The incentives were enacted last year and took effect Jan. 1. They include an increase in capital work deductions to 4% a year and a cut in final withholding tax rates for managed trust investments to 15%.
• Some aspects of the ...