Archive for the ‘Depreciation’ Category

New depreciation rules proposed for residential property investors.

Article Courtesy of BMT Tax Depreciation.

The Federal Government has proposed adjustments to depreciation legislation in the 2017 Budget.

Under the new rules which are yet to be legislated by Parliament, investors will be able to depreciate new plant and equipment assets within a new property and items they add to their property; however subsequent owners who acquire a property after 9th of May 2017 will not … Read the full post »