Australia: Draft legislation extending build-to-rent tax concessions (New South Wales)
Draft legislation has passed the state's Legislative Assembly with amendments
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September 10, 2025
The New South Wales Government introduced draft legislation that would expand and extend its build-to-rent (BTR) tax concessions.
The Land Tax (Build-to-Rent Concessions) Amendment Bill 2025 would:
- Remove the 2039 end date for the current 50% reduction in the assessable land value for land tax of eligible BTR properties, extending it indefinitely
- Provide for exemptions or refunds for rates of stamp duty and land tax applied to foreign developers who qualify for the program
The state’s Legislative Assembly passed the legislation with amendments that pertain to the addition of the State Treasurer's guidelines on building construction requirements and the maintenance of a public register of land subject to land value reductions under the scheme. The bill now moves to the Legislative Council.