The Land Tax (Build-to-rent Concessions) Amendment Act 2025 changes was passed by both houses of the Parliament and received Assent on 23 September 2025.

Land Tax Management Act 1956

The Land Tax (Build-to-rent Concessions) Amendment Act 2025 establishes a new ongoing land tax concession scheme for owners of certain new build-to-rent (“BTR”) properties and preserves the existing time limited land tax concession scheme for owners of certain BTR properties.

The new ongoing BTR concession scheme has no time limit, but will still provide for the land value of the parcel of land to be reduced by 50% if there is a building on the land that is being used and occupied for a BTR property, in accordance with the Guidelines approved by the Treasurer.

Land Tax Act 1956 & Duties Act 1997

The Land Tax (Build-to-rent Concessions) Amendment Act 2025 provides for the refund of surcharge purchaser duty and surcharge land tax in relation to land on which new BTR developments are constructed, and in relation to which the landowner is eligible for land tax concessions under the new ongoing BTR concession scheme.

It also preserves the existing entitlement to the refund of surcharge purchaser duty and surcharge land tax in relation to land on which BTR developments are constructed, and in relation to which the landowner is eligible for land tax concessions under the existing time limited BTR concession scheme.

More information will be on our website once the Treasurer publishes the guidelines.