Published on 01 Jun 98
by THE TAX INSTITUTE
It is not clear what the "market rate" is. Consider including a definition of "market rate".
2. What is the policy reasoning for only allowing the exemption where the housing is provided at a
rate that is less than the market rate. This requirement would seem easy to manipulate.
3. Amend structure of Item 192(4), to make the alternatives clearer, as follows:
4. However, this Item only applies if:
(a) the property is housing provided by, or on behalf of, an always- exempt person at a rate below the market rate; or
(b) the property is:
TAX POLICY & RESEARCH DIVISION