📜 Land Tax Assessment Amendment (Build-to-Rent) Bill 2026

Assented toLABill 5219 February 2026

This Bill amends the Land Tax Assessment Act 2002 to increase the land tax exemption for eligible build-to-rent (BTR) developments from 50% to 75%. This increased exemption applies for the first 10 years for developments completed between 1 July 2025 and 30 June 2030, after which they revert to the general 50% exemption for another 10 years.

Impact

Property developers and investors in build-to-rent housing will benefit from reduced land tax liabilities, potentially encouraging more investment in this sector. This could lead to an increase in the supply of rental housing in Western Australia. The state government's revenue from land tax may decrease for eligible developments.

Key Changes

["Introduces an 'increased exemption development' category for BTR projects completed between 1 July 2025 and 30 June 2030.", "Increases the land tax exemption for eligible 'increased exemption developments' from 50% to 75% for the first 10 assessment years.", "After 10 years, developments receiving the increased 75% exemption will revert to the general 50% exemption for the subsequent 10 years.", "Amends the definition of 'exemption percentage' to include the new increased exemption.", "Allows the Commissioner to treat land as exempt under the increased exemption even if requirements are temporarily not met."]