The draft legislation would make the 50% land tax reduction for build-to-rent properties permanent and grant stamp duty and land tax concessions to eligible foreign developers.
Australia’s New South Wales (NSW) Government has introduced draft legislation titled Land Tax (Build-to-Rent Concessions) Amendment Bill 2025, which allows it to expand and extend tax concessions for build-to-rent (BTR) projects.
This Act aims to amend the Duties Act 1997, the Land Tax Act 1956 and the Land Tax Management Act 1956 for particular purposes relating to concessions for land tax, surcharge land tax and surcharge purchaser duties for land being used for build-to-rent properties.
The draft legislation has two key provisions:
Extension of land tax relief
The draft legislation proposes to remove the current 2039 cut-off date for the 50% reduction in assessable land value for build-to-rent (BTR) properties. This tax relief would instead continue indefinitely.
Concessions for foreign developers
The reforms also introduce exemptions or refunds on stamp duty and land tax for foreign developers who meet the eligibility requirements under the BTR program.
