The Tasmanian Government is providing up to a three-year land tax holiday for all newly built housing made available for long-term rental.
Are you a pensioner considering downsizing your home? If so, you could be eligible for a duty discount. The Government is offering a 50% duty discount to eligible pensioners that sell their existing home and downsize to a home or unit at a lower cost of up to $400,000. Please note that this initiative has been extended, and now has an expiry date of 30 June 2019.
This initiative is to encourage residential property owners to make affordable rental homes available for low-income earners. Owners will receive a financial payment of $10,000 to $13,000 per property, per year, and will also be guaranteed that rent is paid for the term of the lease. Properties are managed by an experienced property manager.
This is a pilot program and it is anticipated that 110 properties will be made available under this initiative by June 2019.
The Government is providing a one-year land tax exemption for short rentals that are made available for long-term rental.