Property

Phased tax rules faze investors, while rents go up

Brent Melville
Thu, 12 May 2022

Phased tax rules faze investors, while rents go up

Investors are opting out of older homes due to tax changes. (Image: Depositphotos)

Brent Melville
Thu, 12 May 2022

Tax deductibility changes are starting to bite for residential investors and those who earn a living from their rental properties. That’s as the initial phasing out of interest deductibility on mortgage payments starts filtering into 2021-22 financial accounts. Until now, interest on mortgages for residential investment properties could be claimed as a business expense.But from Oct 2021 through to the end of the just-completed 2021-22 financial year, and for the full current 2022-23 financial year, claims will be trimmed to 75%...

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Phased tax rules faze investors, while rents go up

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