Hannah McQueen: Finally, clarity around property investment tax

Saturday Morning with Jack Tame

Finally, some clarity emerging about the changing rules on property investment taxation – given the Government this week released the draft legislation that will bring the rules into force.
The Governmentt originally announced that there would be changes about six months ago, but so much about them was unclear because it hadn’t actually been worked through (until now) – so it left a lot of people in a flap.
It’s particularly relevant now, given that from tomorrow it will start costing most property investors more to own their properties, as the rules start to change in a phase out from October 1st.
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