Property investors come in all shapes and sizes, from large scale professional operations and developers to so-called ‘Mum and Dad’ investors who want to save for their retirement with something they could feel is literally safe as houses. There have been a lot of changes to keep up with over the last few years.

A 2-year bright-line test period has been introduced, effective from July 2024, so that properties sold on or after 1 July 2024 will be subject to a 2-year bright-line test.

Tax deductions for interest on borrowings on residential investment property is being re-introduced progressively. For the 2024-2025 income year, an 80% deduction is allowable for interest on borrowings for residential investment properties. In the 2025-2026 income year a 100% deduction is available.

If you’re planning to buy or sell property, please contact us so we can look at the tax implications with you.

DOWNLOAD THE GUIDE ON RESIDENTIAL PROPERTY - THE BRIGHT-LINE TEST AND TAX