Leonie Fitzgerald

Say Goodbye To Two More Tax Deductions  Income tax deductions for the decline in value (depreciation) of previously used plant and equipment in rental premises used for residential accommodation are no longer allowed. From July 1, 2017, the Government has limited plant and equipment depreciation deductions to outlays actually incurred by investors in residential real estate properties. Plant and equipment items are usually mechanical fixtures or those which can be [...]

When it comes to purchasing an investment property, there is few things more divisive than the argument of buying established or building new. You may resonate with some of the reasons investors choose old or new properties below - But what does the tax man say? Is there a difference in the tax treatment of old and new properties for tax purposes? Depreciation Changes (Div 40) [...]