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  • Expanding tax incentives for investments in affordable housing

    On 9 May 2017 the Government announced that from 1 January 2018, it will provide an additional ten percentage point capital gains tax (CGT) discount for resident individuals who invest in qualifying affordable housing.

    This will increase the CGT discount to 60%.

    To qualify for the 60% discount, housing must be provided to low to moderate income tenants, and rent charged at a discount below the private market rental rate.

    The Government has undertaken consultation and confirmed that qualifying affordable housing must be managed through a registered community housing provider (CHP) and the investment held for a minimum of three years in aggregate.

    CHPs will determine the tenant eligibility criteria, including the rent charged, consistent with state and territory affordable housing policies.

    Legislation and supporting material

    Legislation is being developed for this measure.

      Last modified: 29 Jan 2018QC 51989