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Capital Works Deductions for Rental Property - 14th February 2018
Rental property investors can claim capital
works deductions for construction costs for a rental property, however there
are limits imposed in relation to the dates such works were completed.
Rental Property Owners Lose Some Deductions - 7th February 2018
Legislation
that came into law in the last half of 2017 makes certain measures first
announced with the 2017 Federal Budget now a reality.
The "housing tax integrity" bill solidifies the government's intention to deny all
travel deductions relating to inspecting, maintaining, or collecting rent for a
residential investment property. As well, second-hand plant and equipment that
came with an investment property are now off the table as far as depreciation
goes.
The
measures will apply from July 1, 2017, so will affect returns for the
current financial year. However the changes to depreciation are dependent on
when assets were purchased (more below).
Having Fun AND Making Money. But is it a Business or a Hobby? - 7th February 2018
It may seem fairly obvious whether a
person is in business or not, but the distinction can be important for other
reasons. You may be having fun AND making money, but is it a business
or a hobby?
