FIRB changes are fine but please fix tax: investors
Labor’s revamp of foreign investment rules designed to boost support for much-needed rental housing has been welcomed by the property industry, as it also warns that current tax settings remain a barrier to offshore capital.
Under the new rules announced by Treasurer Jim Chalmers, a long-standing prohibition on foreign ownership of established housing would no longer apply to foreign investors wishing to acquire existing build-to-rent housing.
Subscribe to gift this article
Gift 5 articles to anyone you choose each month when you subscribe.
Subscribe nowAlready a subscriber?
Introducing your Newsfeed
Follow the topics, people and companies that matter to you.
Find out moreRead More
Latest In Residential
Fetching latest articles