FLOW ON FROM TAX CHANGES
May 27, 2021
2 minutes
MARK WITHERS
Firstly, a recap on the Government’s announcement. For acquisitions of residential property after March 27, 2021 interest will only be deductible until October 1, 2021. Interest on debt funding residential property acquired prior to March 27, 2021 will be phased out over four years.
• Until September 30, 2021 100%
• 1/10/21 – 31/3/23 75%
• 1/4/23 – 31/3/24 50%
• 1/4/24 – 31/3/25 25%
• From
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