There are new rules regarding depreciation for investors who purchase an established property as an investment on or after the 10th of May 2017.
They will still be able to claim Div 43 Building Write Off if the property was built after 1987 but they will be unable to claim depreciation of plant and equipment items acquired through the purchase.
One of the changes announced in the 2017 federal budget regarding investment properties includes stopping investors from claiming travel deductions.
Investors who previously had tax deductions for travel expenses related to their investment property will no longer be able to make these claims.
The Government has ruled them out, even for those travelling to collect rent, maintain or inspect a premises, saying many have been incorrectly obtaining this deduction.
This new rule is in place from 1 July 2017 moving forward.