News

Tax changes prompt some investment property sales, report claims

Monday 15th of August 2011

The report, compiled for QBE Lenders' Mortgage Insurance (QBE LMI), claimed the removal of landlords' ability to treat the depreciation of buildings as a tax deductable expense has prompted a focus on property yields to improve cash flow.

"As a result, investor demand for property has been reduced and, in some cases, owners of rental property have been looking to reduce their holdings."...

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