negative gearing changes

Discussion in 'Investment Strategy' started by einentiva, 22nd Feb, 2019.

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  1. einentiva

    einentiva Well-Known Member

    Joined:
    6th Jun, 2017
    Posts:
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    Location:
    Maroubra
    Hi all

    Long time reader of the forum.

    We have a PPOR which we will turn into an investment next year.
    It will be negatively geared.
    Will labour polices affect that too?

    Regards
     
    einentiva, 22nd Feb, 2019
    #1
  2. Paul@PAS

    Paul@PAS Tax, Accounting + SMSF + All things Property Tax Business Plus Member

    Joined:
    18th Jun, 2015
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    Location:
    Sydney
    Not based on what they said but who knows what the rules will be. They may bring in a law that looks at a change of use but on the strict view in their policy they say its grandfathered for existing property. I wouldnt fully trust that position myself. Maybe its their stage two policy.

    You would likely be given advance warning.
     
    Paul@PAS, 22nd Feb, 2019
    #2
  3. MyPropertyPro

    MyPropertyPro REBAA Buyer's Agents Sutherland Shire & Surrounds Business Member

    Joined:
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    Posts:
    1,892
    Location:
    Australia
    No one really knows yet but it will likely be based on contract dates, not change of use.

    - Andrew
     
    MyPropertyPro, 23rd Feb, 2019
    #3
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