CGT discount increase for affordable housing investors

The CGT discount will be increased from 50% to 60% for individuals who invest in affordable housing from 1 January 2018.

The conditions to access the 60% discount are:

• the housing must be provided to low to moderate income tenants

• rent must be charged at a discount below the private rental market rate

• the affordable housing must be managed through a registered community housing provider, and

• the investment must be held for a minimum for three years.

Source: Budget Paper No 2, p 29.