Budget 2017 Impacts Residential Tax Depreciation

 

 

 

Residential tax Depreciation Slashed by Federal Government Legislation 2017
The federal government changes to the depreciation of plant which were proposed in the May budget were passed by the senate on 15th November 2017.
A number of property investors have contacted Abbcon Associates as experts in preparation of Tax Depreciation Schedules, to discuss how these changes may affect them.
The good news for investors is that residential properties purchased ( contracts exchanged) prior to 7:30pm on 9th May 2017 are unaffected by the changes, as the prior legislation has been grandfathered.
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By |December 15th, 2017|News, Tax Depreciation|0 Comments