Legal Blog Canberra

Changes in depreciation-related deductions for property investors

 4 Dec 2017   published by:

New legislation means that owners of second-hand residential properties, where contracts are exchanged after 7.30pm on May 9, 2017, will be ineligible to claim depreciation on certain assets such as air conditioning units, blinds, curtains, ovens, cooktops, dishwashers, hot-water systems, security systems, solar panels or carpet.