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Thinking of purchasing a residential property? Here is what you need to know about recent property depreciation changes

Thinking of purchasing a residential property? Here is what you need to know about recent property depreciation changes

by James Carey | Dec 11, 2017 | Individual Tax, Property & Investment

Last month the Senate passed the Treasury Laws Amendment (Housing Tax Integrity) Bill 2017, with which came changes to depreciation for existing residential properties purchased after 9 May 2017. The purpose of the amendment is to stop owners and investors claiming...
Foreign property owners slapped with fee for vacant property

Foreign property owners slapped with fee for vacant property

by James Carey | Dec 5, 2017 | Individual Tax, Property & Investment

Australia has followed the international trend of penalising foreign owners of Australian residential property who keep their property vacant for extended periods of time. Last month Parliament approved legislation that imposes an annual vacancy fee on foreign owners...

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