All Topics / Help Needed! / Are travel deductions grandfathered for existing portfolios?

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  • Profile photo of JonJon
    Participant
    @johnny99
    Join Date: 2005
    Post Count: 36
    May 26, 2017 - 5:56 pm

    I understand that depreciation changes would be grandfathered for existing held properties, but the new changes don’t mention travel deductions for properties already owned. Do we still get them for existing held properties? I have read many articles that don’t make this bit clear, many thanks guys!

    • This topic was modified 6 years, 11 months ago by Profile photo of Jon Jon.
    Profile photo of TerrywTerryw
    Participant
    @terryw
    Join Date: 2001
    Post Count: 16,213
    May 26, 2017 - 9:13 pm

    I haven’t seen the draft legislation, but my understanding is no travel will be claimable from a certain date – 1 July possibly.

    Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
    http://www.Structuring.com.au
    Email Me

    Lawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au

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