Report
Foregone revenue from enhanced GST Rental Rebate on purpose-built rental housing
May 9, 2024
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To help increase the construction of purpose-built rental units, the government introduced an enhancement to the goods and services tax (GST) Rental Rebate.
To be eligible for the enhanced rebate, construction must have begun between September 14, 2023 and December 31, 2030. Construction must be finished by December 31, 2035.
The PBO estimates that the total foregone GST due to this measure would be $5.8 billion between 2023-24 and 2028-29.