Will Investors Really Lose Thousands In Tax Saving?
There is a bill passed on Nov. 15th, which will affect many Australians who have purchased or thinking of buying a rental property this year. It is now more important to make sure you can pay all ongoing costs when purchasing a property.
There was a bill passed on November 15, 2017, which will affect many Australians who have purchased or thinking of buying a rental property. It is now more important to make sure you can pay all ongoing costs when purchasing a property.
The new legislation means that second-hand residential property owners, where contracts are signed from May 9, 2017, 7:30pm, may no longer be eligible to claim depreciation on some assets. This means an ave…