RING-FENCING: GOOD FOR SOME
Aug 01, 2019
2 minutes
ANDREW KING
Last month the Government passed legislation removing the right to offset rental losses against the tax paid on other income. It comes into effect immediately.
This new law is extremely misguided and will cause many negative consequences. These consequences cannot be termed “unintended” because Government has been clearly warned of their likely impact.
Ring-fencing rental property
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