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Will Investors Really Lose Thousands In Tax Saving?

There is a bill passed on Nov. 15th, which will affect many Australians who have purchased or thinking of buying a rental property this year. It is now more important to make sure you can pay all ongoing costs when purchasing a property.

Will Investors Really Lose Thousands In Tax Saving?
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There was a bill passed on November 15, 2017,  which will affect many Australians who have purchased or thinking of buying a rental property. It is now more important to make sure you can pay all ongoing costs when purchasing a property.

The new legislation means that second-hand residential property owners, where contracts are signed from May 9, 2017, 7:30pm, may no longer be eligible to claim depreciation on some assets. This means an ave…

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