Federal Budget 2017

The highlights from the federal budget for the property investors: Negative gearing tax break will remain untouched, Travel property expenses can no longer be incurred (this applies to all travel expenses), If plant and equipment was purchased by a previous owner, you as the current owner, cannot depreciate this expense, First homebuyers can use voluntarily superannuation contributions to build a home deposit fund, Capital gains tax reduction in affordable housing. Note specifics around time-frames.