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Incentives for Purpose-Built Rental Housing: Accelerated CCA Rate and EIFEL Exemption for Eligible Projects

  • Proposed measures to incentivize construction of purpose-built residential rental housing projects
  • Eligibility criteria aligned with temporary enhancement to GST new Residential Rental Property Rebate
  • Accelerated CCA rate of 10% for eligible projects starting construction between 2024 and 2031
  • Half-year rule not applying to property put in use before 2028
  • Elective exemption from EIFEL rules for interest and financing expenses incurred before 2036

Source: taxathand.com

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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