01
Jan

Repairs and Maintenance

“Repairs and Maintenance” to the tax depreciation rules

Recently the Government have released an official issues paper entitled “Repairs and Maintenance” to the tax depreciation rules.”

This issues paper contains proposed changes to the depreciation rules as they relate to chattels fitout and buildings owned by residential property investors. Clarity on this issue is long overdue and the issues paper sets out the likely changes to the introduced by the Government later this year. more…