One 14 March 2024, the government released draft legislation coming good on its promise to reduce the bright-line period to two years and repeal the interest limitation rules.
The highlights are as follows:
The above is a summary of where things stand at the moment. We are still working through the draft legislation in detail and would not be surprised if there are issues with the drafting due to the haste with which it has been produced.
The observations above reflect the intention of the new legislation per the accompanying commentary. Hopefully the finalised form of the legislation accurately reflects that, but we will be keeping an eye on it and will post any updates as they come to hand.
I got a lot out of Property School, the main things being the context of the process, i.e. choosing a vision, plan & how to execute; easy to implement value adds like S & P Clauses and Life online; and great case studies that bring the teaching to life. I really enjoyed being challenged to think about which strategy, and all the presenters were very helpful and informative. I will be recommending Property School to others. Thank you! - Chuck - June 2017
Gilligan Rowe and Associates is a chartered accounting firm specialising in property, asset planning, legal structures, taxation and compliance.
We help new, small and medium property investors become long-term successful investors through our education programmes and property portfolio planning advice. With our deep knowledge and experience, we have assisted hundreds of clients build wealth through property investment.
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