From 1st January 2018, a 60% CGT discount applies for Australian resident individual's investing in qualifying affordable housing. This also applies if the individual invests via a managed investment trust.
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.
- The investment must be held for a minimum period of 3 years.