Build-to-rent land tax exemption

News story
The Premier, The Hon Mark McGowan and the Minister for Finance, The Hon Sue Ellery, announced the introduction of the land tax build-to-rent exemption.
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Building apartments

The build-to-rent exemption aims to increase the availability of rental properties in WA by providing a 50 per cent exemption from land tax for up to 20 years for eligible developments.

The exemption will apply to developments that:

  • contain at least 40 self-contained dwellings available for three-year residential leases
  • are owned by the same owner or group of owners and be managed by the same management entity and
  • are completed between 12 May 2022 and 1 July 2032.

The exemption will be available from the 2023-24 assessment year.

More information and an application form will be available soon on the land tax exemptions web page.