Changes to Rental Property Expenses & Bright-line Test
Interest Deductions On Rental Properties From 1st October 2021, interest deductions on residential investment property acquired after 27 March 2021 will not be allowed. Interest on loans from properties acquired before 27 March 2021 can still be claimed as an expense. However, the amount you can claim will be reduced over the next 4 income years until it is completely …