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  • 12. National rental affordability scheme tax offset entitlement

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    This information may not apply to the current year. Check the content carefully to ensure it is applicable to your circumstances.

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    Write at J the company’s entitlement to a tax offset under the National Rental Affordability Scheme (NRAS). Show cents.

    The NRAS is designed to encourage large-scale investment in affordable housing. The NRAS offers incentives to providers of new dwellings on the condition that they are rented to low and moderate income households at 20% below market rates.

    The refundable tax offset is only available when the secretary of the Department of Social Services has issued a certificate under the NRAS. In order to claim the tax offset in the 2015–16 income year, the NRAS certificate must relate to the NRAS year 1 May 2015 to 30 April 2016.

    Find out about:

    National Rental Affordability Scheme – refundable tax offset and other taxation issues.

    The NRAS tax offset is intended to be subject to the refundable tax offset rules and can be claimed at E Refundable tax offsets in the Calculation statement.

    Last modified: 12 Feb 2019QC 48080