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<h1>GST rate on residential property set without input tax credit to simplify compliance and support affordable housing.</h1> GST on under construction residential properties will be levied without input tax credit at a specified effective rate for non affordable units and at a lower effective rate for units meeting the defined affordable housing criteria; the rates commence on the stated effective date. Affordable housing is defined by carpet area limits for metropolitan and non metropolitan cities and a value ceiling. Exemption of tax on development rights (TDR, JDA, lease premium, FSI) applies only where GST is payable on the residential property. An officers' committee will draft scheme details for Council approval.