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Investment property construction stage

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Newbie

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We started building an investment property in March 2019 and it will finish being built in September 2019. I know the laws have changed on 1 July 2019 and you can longer claim Interest on loans used to pay for construction of investment properties  but can I claim for the interest I have paid on the loan prior to July 1 2019. 

Thanks 

1 ACCEPTED SOLUTION

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Taxicorn

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You can claim expenditure such as interest on loans, local council, water and sewerage rates, land taxes and emergency services levies on land you have purchased to build a rental property or incurred during renovations to a property you intend to rent out.

 

See Rental Properties 2019. Page 9, This is relevant for 2018/19.

1 REPLY 1
Highlighted

Best answer

Taxicorn

Replies 0

You can claim expenditure such as interest on loans, local council, water and sewerage rates, land taxes and emergency services levies on land you have purchased to build a rental property or incurred during renovations to a property you intend to rent out.

 

See Rental Properties 2019. Page 9, This is relevant for 2018/19.