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Rental Property Taxes

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Bright Line Extension

March 30, 2021
After 27 March 2021, if you sell a residential property within 10 years of purchasing it, any increase in value will be taxable income. There are some exemptions such as the main home, if the property is transferred to you under a relationship property agreement, or if the p...
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For residential rental properties purchased after 27 March 2021 that are not new builds, you will not be able to claim any interest deductions. Interest incurred on a new build that is bought for investment purposes is still able to be claimed as an interest deduction. There...
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