Changes to Legislation - Depreciation
This month, the government released draft legislation regarding the proposed changes to plant and equipment depreciation as announced in the May federal budget.
The draft outlined further details around a property investor’s eligibility to claim depreciation and provided a range of scenarios to be aware of should this legislation pass.
In a positive move, the government has provided the public with an opportunity to have their say on the new measures, with public consultation open until the 10th of August 2017.
While these measures are yet to be legislated, BMT our recommended Depreciation Experts have taken a proactive approach in reviewing how these intended changes could impact investors. Following is an in-depth look at the possible outcomes.
Click here to be directed to the BMT website with more information: Tax Depreciation for Second Hand Houses