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The latest changes in laws that affect you
Legal updates and tips & tricks for anyone to reference. They are not designed as a substitute for legal advice.
New rules for reporting income tax on residential rental properties
The rules for residential rental property deductions have changed - find out how they might affect you and your properties.
From the 2019-20 income year onward, new rules apply to deductions claimed for residential properties. Residential property deductions will now be ring-fenced, meaning that they can only be used to offset income from residential property.