Enhanced GST Residential Rental Rebate: Increased Incentives
The Department of Finance, on 14th September 2023, outlined an enhancement to the existing GST rental rebate, increasing it from 36% to 100% and removing phase-out thresholds for properties over $350,000. The proposal would apply to rental project constructions initiated between 14th September 2023 and 31st December 2030, and completed by 31st December 2035 under specific conditions.