Tax Equity for Apartment Owners

We have made a supplementary submission to our recent Pre-Budget 2020 Submission.  It follows on from the Department of Finance’s Tax Strategy Group Paper 04/19 Climate Action and Tax.

Chapter 4 of that Paper examines a possible tax measure designed to incentivise domestic energy efficiency retrofits.  It mirrors the old Home Renovation Incentive tax credit, which was not available to homeowners in multi-unit developments for renovation expenditure on estate common areas.

Our supplementary submission calls for equal tax treatment of all homeowners, regardless of whether their home is a house, or a home such as an apartment or duplex in a multi-unit development.

Read our supplementary submission here.

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