TPG25-12 Treasurer’s guidelines for the reduction in land value for certain build-to-rent properties for land tax purposes
These guidelines have been approved by the Treasurer under sections 9E and 9F of the Land Tax Management Act 1956 and provide guidance to the Chief Commissioner in forming a view on whether a particular property is being used and occupied for a build-to-rent property, so that the land tax concession can be granted. The Chief Commissioner may provide further guidance material, including examples, of the operational effect of these provisions.
Issued: by Secretary, Treasury
Key information
- Status
- Active
- Type
- Treasury Policy and Guidelines
- Identifier
- TPG25-12
- Compliance
- Mandatory
- Created
- Updated
Who needs to know and/or comply with this?
- Executive agencies related to Departments
About
These guidelines have been approved by the Treasurer under sections 9E and 9F of the Land Tax Management Act 1956 and provide guidance to the Chief Commissioner in forming a view on whether a particular property is being used and occupied for a build-to-rent property, so that the land tax concession can be granted. The Chief Commissioner may provide further guidance material, including examples, of the operational effect of these provisions.
This document replaces Treasurer’s guidelines for the reduction in land value for certain build-to-rent properties for Land Tax purposes (2020).