News

Budget preview: Property in line of fire

Tuesday 18th of May 2010

The most likely tax changes affecting property investors are the toning down of depreciation allowances and potential ring fencing to prevent tax deductability of property losses against other taxable income. Also on the table is a rise in GST from 12.5% to 15% to pay for cuts in income taxes across the board.

Property investment was identified by the Tax Working Group (TWG) as "a major...

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