The Land Tax (Build-to-Rent Concessions) Amendment Act 2025 (Amendment Act) introduces a new ongoing build‑to‑rent (BTR) land tax concession scheme while retaining the existing time‑limited scheme under the Land Tax Management Act 1956.

Under the new ongoing scheme, created through section 9F of the Land Tax Management Act 1956, there is no legislated end date for the concession.

Section 9F applies to land owned at midnight on 31 December in any year after 2024, meaning the 50% land value reduction may continue indefinitely as long as the land owner maintains eligibility in accordance with the Treasurer’s Guidelines.

The Amendment Act clarifies that section 9E of the Land Tax Management Act 1956 continues to operate as the time‑limited BTR concession. The concession under section 9E applies to land owned at midnight on 31 December 2020 until 31 December 2039 provided all eligibility requirements are met.

BTR developments that qualify for a land value reduction under section 9E or section 9F may be eligible for an exemption or refund of surcharge land tax under section 5CA of the Land Tax Act 1956.