Have your say: draft superannuation laws to tackle housing affordability pressures
The superannuation measures announced in the 2017 Federal Budget aimed at alleviating housing affordability pressures have been put into draft legislation, and are now available for review and comment on the Treasury web site.
The Australian Government has released draft legislation for public consultation that provides property investors with the opportunity to have their say around proposed changes to depreciation deductions that were announced in this year’s Federal Budget.
Changes to depreciation law announced in the 2017 Federal Budget are now in force, even though limited detail is available and what we have been told is open to widely varying interpretation.
Federal Budget initiatives go some way towards helping first-homebuyers, but a coordinated approach is key to making a real impact, says CoreLogic CEO Lisa Claes.
Federal government should reconsider changes to investment deductions, says REIA
Changes proposed by the federal government mean that an investor who owns a commercial investment property can claim travel costs for their annual site inspection, but a residential property investor can not.
The government's bill to extend the duration and expand the eligibility of the $20,000 tax write off will be a boost for small builders and tradies, says Master Builders.
The 2017 Budget proposes significant administrative and cost burdens on vendors and purchasers of land, says the Australian Institute of Conveyancers (SA Division).
Leary & Partners quantity surveyor and tax law expert, Kaylene Arkcoll, predicts a bleaker future for investors in residential property, particularly strata units.
