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12. National rental affordability scheme

Last updated 24 July 2023

Instructions to complete your entitlement to a national rental affordability scheme (NRAS) tax offset.

J – National rental affordability scheme tax offset entitlement

Write at item 12 – label 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 2022–23, the NRAS certificate must relate to the NRAS year 1 May 2022 to 30 April 2023.

For more information, see 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 in the Calculation statement at E Refundable tax offsets.

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