Build-to-rent land tax concession
The 2021-22 State Budget proposed the Introduction of a land tax reduction for eligible build-to-rent projects on South Australian land, where construction commences on or after 1 July 2021.
This will apply as a 50% reduction in the land value of relevant parcels of land, where the land is being used as an eligible build-to-rent project.
The land tax reduction will be available from the 2022-23 financial year up to, and including, the 2039-40 financial year.
More details will be released outlining eligibility criteria and application process once the relevant legislative instrument passes parliament.
Affordable Community Housing Land Tax Exemption
The Affordable Community Housing Land Tax Exemption Pilot provides eligible property owners with ex gratia relief, equivalent to a land tax exemption for property they rent through a participating community housing provider for affordable housing purposes.
The pilot program will run for 5 years, commencing 1 March 2020 and is limited to 100 South Australian properties.
See the affordable community housing land tax exemption pilot page for more information on eligibility and how to apply
Affordable housing land tax concession
Developers are able to apply for ex gratia relief where land being used to develop affordable housing has been aggregated with other land they own. The relief will be equivalent to the difference between their tax liability and the tax they would be liable for if each affordable housing parcel was taxed individually and not aggregated with their other land.
Relief will be limited to a 12 month period and will be conditional on developers entering into a Land Management Agreement or similar arrangement with the SA Housing Authority, with the developer agreeing to meet any requisite affordable housing requirements.
See the affordable housing land tax concession page for more information on eligibility and how to apply