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Landlords struggle under ‘inappropriate effect’ of property tax changes

Landlords struggle under ‘inappropriate effect’ of property tax changes

The new housing affordability reforms have drawn criticism from a mid-tier firm, which has found the new limits on deductions and pre-settlement compliance requisites are impacting clients who maintain their investment properties effectively.

by Shared by AccountantsDaily | Nov 20, 2017

'Interests of consumers' at risk with latest CHOICE call, says MFAA

Earlier this month, the government secured passage of the Treasury Laws Amendment (Housing Tax Integrity) Bill 2017, implementing a residential property vacancy tax, no tax deductions for travel expenses associated with residential property investments, and restriction of deductions for depreciation of items in residential rental properties.

Read the full story at Accountants Daily.