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.
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.
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