Land used for new build-to-rent developments is exempt from 75% of land tax; this applies to dwellings ready for occupation between 1 July 2025 and 1 July 2030.

The exemption ends after 10 years.

Land loses the exemption if the development stops meeting build-to-rent requirements; the Commissioner can waive this if the failure is temporary.

Land cannot claim both the general build-to-rent exemption and the increased exemption in the same year.

All build-to-rent exemptions end once 20 years have passed since the first exempt year.

The Commissioner can reassess taxes to apply these build-to-rent changes.