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Plenty of deductions available for investors under new legislation

The 2017 budget had brought some changes to the depreciation rules on second-hand residential properties purchased after 7.30pm on the 9th of May 2017.

The changes apply to the existing plant and equipment depreciation deductions within a second-hand residential property. Any brand-new plant and equipment provided in the property after purchase can be depreciated.

For details, please call us at (03) 9548 1699.