Affordable Housing Certificate

The Australian Taxation Office recently posted two new webpages relating to Capital Gains Tax (CGT) for affordable housing with instructions to help Community Housing Providers (CHP) complete the affordable housing certificate.

CGT Discount for Affordable Housing

An additional ten per cent CGT discount may be available when you sell an Australian residential rental property you used to provide affordable housing. This increases the maximum capital gains discount percentage on your sale from 50 per cent up to 60 per cent.

More information here.

Affordable Housing Certificate

These instructions will help CHP’s complete the affordable housing certificate to the owner or owners (investors) of a dwelling they use to provide affordable housing.

More information here.