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1.Market Observations, 2.Strategy, 8.Was Sticky

15 May 2017 (AFR) – Negative gearing ‘scalpel’ will cool apartment demand: experts

(15 May 2017, AFR, p9, by Su-Lin Tan)

‘New limits to the way expenses can be deducted against negative geared properties will prove a turning point in the investment property market, experts say. The federal government’s “scalpel rather than a sledgehammer” changes to negative gearing announced in last week’s budget will hit investor demand because plant and equipment depreciation deductions are often the difference between a tax refund or an expense for investors. The changes mean owners of any property not bought brand new will no longer be able to depreciate items like…’

Read more at AFR.com (might need AFR login access, or try: AFR.com/trial)

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