Tax Changes in the 'Renovate - Rent' Scheme
March 21, 2025
The Ministry of Finance has made improvements to the bills related to the 'Renovate - Rent' scheme. The new provisions offer tax incentives to property owners who provide affordable rents to specific income groups. Additionally, property owners will be able to claim capital allowances and tax exemptions. These changes are expected to have a positive fiscal impact until 2027.