Submission on the BTR MIT WHT initiative as proposed by your office, we have outlined below our supplementary statement for the Inquiry.
UDIA National has been a long-standing champion of levelling the playing field for BTR and lowering the MIT WHT threshold.
This statement letter should be read in conjunction with our broader Inquiry Submission dated 28 June 2024.
In the interests of simplicity, we will not repeat the detail of the Inquiry Submission except to emphasise that while halving the BTR WHT is a welcome change, the tax and integrity settings need to be modified or it will be unable to attract the international investors needed for funding.
our full Submission can be found at the Download button below