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Policy

Govt floats bigger tax break for build-to-rent homes

Pattrick Smellie
Tue, 28 Sep 2021

Whether for sale or rent, the new tax rules favour new builds over investment in existing homes. (Image: Getty)
Pattrick Smellie
Tue, 28 Sep 2021
The government is considering giving more favourable tax treatment to property owners who build properties for rent.The measure would allow build-to-rent projects to deduct interest costs against income for longer than the 20 years proposed in the legislation enacting new rules on investment properties’ interest deductibility.Revenue minister David Parker has released the draft legislation to enact measures first announced in March. These are intended to help slow rampant house price inflation by disallowing deduction of mortgage interest...

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