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Notes Online Home 2019 Tax Schools Day 1 What’s new for individuals
Latest guide to the travel and depreciation restrictions for rental properties
In this segment of the seminar notes we review the latest guide to the travel and depreciation restrictions for rental properties. In more detail:
• The background to applying the travel and depreciation restrictions – an overview
• ATO confirms certain commercial properties can be subject to the new restrictions
• Applying the depreciation restriction to rental properties acquired before 9 May 2017
• Latest ATO guide to applying the ‘carrying on a business’ exclusion
• Latest ATO guidelines on dealing with the sale of a rental property with depreciating assets