2017 Budget Change

The change to tax depreciation on the 9th of May 2017, known as the “2017 Budget Change,” primarily affected depreciation deductions for residential property investors in Australia.

the 2017 Budget Change restricted the ability of residential property investors to claim depreciation on second-hand assets, emphasizing that they must be the original purchasers of these assets to be eligible for depreciation deductions. This change did not affect commercial properties or newly purchased assets in residential properties.

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