New Rules For Property Investors Via Tax Depreciation Rate Changes In TR 2019/5
How will new rules via tax depreciation rate changes in TR 2019/5 impact property investors? Mike Mortlock identifies the winners and the losers of this amendment.
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Back in March, we flagged that the ATO was consulting with the Australian Institute of Quantity Surveyors (AIQS) over changes to plant and equipment effective lives.
Now before your attention sets fire to itself and you’re off at the mercy of the rest of the internet, let me explain why this development matters to property investors. The effective life of a plant asset affects how quickly it will depreciate, consequently what it’s contribution …
