Getting Ready For Tax Time
She's On The Money
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The Government's Tax Incentive Changes to Increase the Supply of Housing
The government is introducing tax incentive changes to help increase the supply of housing. The incentives are as follows: increased depreciation rate, home guarantee scheme and reduction in withholding tax for managed investment trusts or MITs. To foreign residents on income for newly constructed residential build to rent properties after July 2024 goes from 30% down to 15%.
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