Contact us today and we’ll help you achieve your goals
Rental property investors can claim capital works deductions for construction costs for a rental property, however there are limits imposed in relation to the dates such works were completed. The deductions are only available on residential properties built after 17 July 1985. Generally, up to 15 September 1987 the rate is 4% a year (over 25 years) and after then it is 2.5% (but over 40 years).
Need finance to grow your business?
Related Articles
-
Christmas and the Taxman
When do employee gifts and celebrations attract fringe benefits tax (FBT)? And when are they exempt?
-
SuperStream deadline
fast approachingSMSF trustees must get ready to process rollovers via SuperStream by 1 October 2021. This means trustees will no longer…
-
Inheriting rental properties jointly A dilemma?
Imagine you’re lucky enough to inherit, say, four post-CGT rental properties from a deceased parent – but what happens when…
