Short answer: Long private residential leases must be registered, and the rent is taxable. Budget 2027 does not change the core rules.
Key points
- Register private residential leases with the Housing Authority.
- Landlords choose between a flat rental tax and normal rates where the law allows.
- Tenants may qualify for rent subsidy.
This is existing law, not a Budget 2027 announcement. Rates and amounts change by notice, so check the official source before relying on them.