As of the 1 July 2017 owners of residential property will no longer be able to claim the following deductions:
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Travel expenses incurred in relation to inspecting, maintaining or collecting rent for a residential property will no longer be deductible.
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When purchasing an existing house, in addition to the physical structure, investors also acquire the fixtures and fittings attached to the building (lights, fans, air-conditioners etc). Previously, the value of these fixtures and fittings could be calculated and depreciated over time as a deduction. As of 1 July 2017 depreciation on these second-hand fixtures are no longer deductible.