Costings

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This release comprises internal Treasury emails and a costing request regarding Build to Rent legislation and small business tax deductions. The documents include email exchanges from July-August 2024 discussing costings for a housing industry joint position on Build to Rent legislation, with Treasury officials requesting clarification on estimated costs over the forward estimates period. A separate January 2025 costing request seeks analysis of a proposal allowing small businesses (aggregated turnover under $10 million) to deduct up to $20,000 annually for meal and entertainment expenses excluding alcohol, with accompanying fringe benefits tax exemptions for employee meals provided by employers. The request specifies sensitivity analysis across different take-up and claim rates, and variations limiting eligible expenses to meal components only and restricting eligibility to businesses with employees. The substance of the costings and specific fiscal impacts are redacted under cabinet and s.22 protections.