June –2017 Volume 2 – Last Gasp update before 30 June
IN THIS ISSUE: MUST READ!
- Are you claiming Family Tax Benefit ?
- Changes to investment property rules
Are you claiming Family Tax Benefit ?
News just to hand – If you are a recipient of Family Tax Benefit AND your 2016 income tax return has not been lodged by 30 JUNE 2017 – you will miss out on ‘top-ups’. If your return for 2016 has yet to be lodged, contact me now so we can have the 2016 return lodged before 30 June 2017.
More changes to investment property rules:
As part of this years budget measures, if your rental investment property is located interstate from your main residence and you travel to inspect your investment property throughout the year – from 1 JULY 2017 you will no longer be able to claim your travel expenses as a deduction against the rental property.
Happy tax time!