Depreciation and Travel Expenses Deductibility Exposure Draft Legislation
The Property Council provides comment on the Limiting deductions for plant and equipment in residential premises and travel expenditure for residential rental property exposure draft (ED).
The Property Council understands that the proposed amendments are integrity measures which are not intended to affect deductions for institutional investors without imposing onerous additional compliance burdens on those investors.
We are also keen to ensure that the measures do not inadvertently place some developers at a competitive disadvantage in the market, or inadvertently capture retirement villages, aged care, hotels and student accommodation.
Download the submission below.