Tax Breaks for Build-To-Rent Developers
Land Tax (Build-to-Rent Concessions) Amendment Bill 2025
Legislative Assembly
Legislative Council
Assent
Topics
affordable housing build-to-rent housing development land tax rental market social housing tax concessions
Introduced by: The Hon Paul Scully MP (ALP); The Hon Penny Sharpe MLC (ALP)
Links to official parliament websites
Effects of this bill
If this bill passes, it means that:
The Debate
What different members said when this bill was debated:
Damien Tudehope LIB
“I lead for the Opposition in debate on the Land Tax (Build‑to‑Rent Concessions) Amendment Bill 2025, which would extend the build-to-rent [BTR] concessions for land tax, surcharge land tax and surcharge purchase duty that were introduced by the former Coalition Government in 2020 as part the COVID-19 housing stimulus response.”
Abigail Boyd GRN
“On behalf of the Greens, I contribute to debate on the Land Tax (Build‑to‑Rent Concessions) Amendment Bill 2025 to voice our strong opposition to another mega tax break for property developers and mega-capital investors, which will do nothing to address housing affordability in this State.”
Scott Farlow LIB
“The Opposition is coming in for a double character assassination tonight. My contribution to debate on the Land Tax (Build-to-Rent Concessions) Amendment Bill 2025 will be brief because the remarks of the Leader of the Opposition were extensive. He really showed up the Treasurer. Government members crowed about the changes that this bill and the Government amendments would make.”
Daniel Mookhey ALP
“One behalf of the Hon. Penny Sharpe: In reply: I thank the Hon. Damien Tudehope, Ms Abigail Boyd and the Hon. Scott Farlow for their contributions to debate. At least the Hon. Scott Farlow was succinct in his character assessment. I found it a curious debate.”
News articles and press releases
Land Tax (Build-to-Rent Concessions) Amendment Bill 2025
Mr PAUL SCULLY, Minister for Planning and Public Spaces — 2025-09-09
The bill is designed to incentivise the construction of more rental housing for the people of New South Wales and to facilitate greater housing choice for people at different life stages. As part of the COVID-19 response, the previous Government provided a temporary land tax concession of a 50 per cent reduction in the assessable value of land for eligible build-to-rent developments constructed after 1 July 2020. Temporary build-to-rent tax exemptions for surcharge land tax and surcharge purchaser duty for foreign persons were also involved. The existing, temporary land tax concession and surcharge exemptions will expire in 2040. This means that any new build-to-rent developments that become operational would be able to access this tax concession for only a maximum of 15 years.