This proposal would amend the rules on investments in build‐to‐rent housing by managed investment trusts.  Currently, the managed investment trust withholding tax rate on distributions attributable to these investments is 30 per cent (with the exception of investments in affordable housing).  

This proposal would introduce a concessional managed investment trust withholding tax rate on these distributions of 15 per cent (consistent with the treatment of affordable housing).

The proposal would commence on 1 July 2019.