Australian Property News
Housing benefits for workers could be scrapped
Posted on Tuesday, April 10 2012 at 2:04 PM
Rental tax perks for people living away from home for work could be scrapped in coming months, if the Federal Governments proceeds with proposed reforms.
Treasury released a discussion paper in November 2011 outlining changes to the Living Away From Home Allowance (LAFHA).
The LAFHA allows Australian and foreign workers to claim costs associated with relocating and living away from their normal place of residence, including rent.
Public submissions into the proposed reforms closed in February.
The government is expected to release draft amendments outlining its intentions in the next month, before opening up another round of consultations.
Any changes would take effect from July 1.
Follow us on Twitter.
Was this article helpful? Place a link to it from your website, or share it using the button below.
Loans to investors still high – but investors should take care
Affordability index sees fall in June quarter
Another big lender makes investor loan changes
50% of investors plan to buy in next year
Most still feel now’s a good time to buy
ANZ increases investor loan rates