It has always been our view that the effect of this policy will be far greater than predicted. Affecting property values and investment in existing residential property, which in turn could have an impact on the rental market.
Here is another theory on the effect of Negative Gearing removal. This one could be on the money.
Another take on the Negative Gearing debate.
Not withstanding this point of you MTD can say that there is a very real impact on Mum & Dad property investors. About $80.00 per week minimum for the average investment property. www.melbournetaxdepreciation.com.au
Westpac set to rock property market by pulling out of SMSF lending
Mum & Dad investing through SMSF, particularly in residential property are in a high risk invironment due to lack of diversification and the banks don’t like it.
Other major lenders will surely reassess their lending practice’s and may well follow suit.
Interest rate rises are inevitable and 1.5% on $750,000 means an extra $90,00 dollars per week. Using a Depreciation Schedule can save investors at least $160.00 per week.
Visit http://www.melbournetaxdepreciation.com.au to learn more.
Home loan customers should prepare for interest rate rises
Shared from my Google feed
This is a must read for all residential property investors including the vast number of ‘mum & dad’ investors and younger investors for that matter.
For personal advice on Tax Depreciation claims contact us at www.melbournetaxdepreciation.com.au
Regional property owners could be hardest hit by Labor’s plans
Shared from my Google feed
Post 9th May 2017, there are new rules governing previously used residential investment properties. More than incidential use, say 1 night here and there or an occasional weekend, will come under the definition of previously used, meaning now Div 40 deductions allowed.
This article gives information on related situations governing investment properties.
For further information visit us at www.melbornetaxdepreciation.com.au
OWNING A HOLIDAY HOME MAY NOT BE THE SMARTEST DECISION YOU EVER MADE
This article is food for thought and additionally, for those considering such an investment, you will be affected by the recent changes to negative gearing.
Amongst the changes are the inability to claim cost of travel to your property for inspections or maintenance.
Your own use of the property other than an occasional weekend or overnight stay would prevent you from claiming deductions on plant and equipment items under Division 40.
For more information visit our website http://www.melbournetaxdepreciation.com.au
or phone us today to talk to our specialist quantity surveyors.
The risks of making an investment property a holiday home
GOOD NEWS FOR PROPERTY INVESTORS
With continued low interest rates, property investors can further inprove their cash position by obtaining a Tax Depreciation Schedule from an experienced Quantity Surveyor such as Melbourne Tax Depreciation. With our wealth of experience and expertise we are best placed to find and maximise all possible deductions on your residential or commercial investment property.
For a free quote on an ATO approved Tax Depreciation Schedule go to
Reserve Bank governor rules out interest rate hikes until wages rise