The Australian Taxation Office (ATO) has announced plans for the introduction of incentives to increase the supply of housing, including a reduction in the withholding tax rate on certain payments attributable to residential build-to-rent projects and an increased capital works tax deduction depreciation rate.
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Incentives to increase the supply of housing
On 28 April 2023, the Australian Government announced it would provide incentives to increase the supply of housing, by:
- reducing …