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Rental Properties – Losses under attack!

Thursday, February 28th, 2019

Do you own residential rental property?

Do you make a loss some years?

Do you receive tax refunds or have lower tax to pay due to this loss?

If you answered yes to the above, then you need to be aware that the rules around utilising the losses for Rental Properties are changing.  From 1 April 2019 you will no longer be able to offset your rental losses against other income.  This may adversely affect your cashflow.

Concerned?  We would encourage you to make a time to come in or simply give us a call to discuss your specific situation.