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