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  • Build-to-rent property developments

    Build-to-rent property developments (also referred to as multi-family developments) provide residential rental accommodation.

    The leasing of residential accommodation is input taxed. This means:

    • you can't claim GST credits on construction and other ongoing costs of the build-to-rent development
    • GST doesn't apply to the rental payments you receive.

    If you:

    • only make supplies of residential rent and aren't carrying on any other enterprise, you are not required to register for GST
    • are registered or required to be registered for GST, you can't claim GST credits for construction or other costs to the extent that your acquisitions relate to the leasing of residential premises.

    There are different GST rules if you are an endorsed charity, gift deductible entity or government school making GST-free supplies of residential accommodation.

    If you are unsure of the correct GST treatment for your build-to-rent property development, we recommend you seek advice from your tax advisor or contact us.

    See also:

      Last modified: 17 Sep 2020QC 60249