The exemption is available from the 2023-2024 assessment year.
The Western Australian Parliament passed the Land Tax Assessment Amendment (Build-to-Rent) Bill 2023, which provides a 50% land tax exemption for up to 20 years for eligible build-to-rent (BTR) developments—housing projects constructed for the purpose of providing multiple residential dwellings for lease under residential tenancy agreements.
Eligibility requirements for the exemption include:
Retroactive land tax would apply if an eligible BTR development stops meeting the criteria within 15 years after the exemption is granted.
The exemption is available from the 2023-2024 assessment year, with a land tax refund available for eligible BTR development owners who have already paid land tax for that year.