Description

The interest limitation rules are being phased out, but still apply to residential property for the 2024/25 income year, and earlier income years.

Key questions arising under the new interest limitation rules include:

• Whether the 80% deductibility rule applies to all residential property, or only to residential property acquired on or after 27 March 2021, and
• Whether the 80% deductibility rule applies to new builds, or whether the exemption for new builds still applies

This webinar addresses these questions, and also other issues arising under the interest limitation rules, including who is affected by the rules, what type of property the rules apply to, and when the exemptions apply.

ORIGINAL BROADCAST DATE

25 June 2024

LEARNING OUTCOMES

You will:

• Learn about the recent changes to the interest limitation rules, including how these changes apply to existing property
• Know what property is subject to the interest limitation rules, and what exemptions to the interest limitation rules apply, including for new builds
• Understand practical issues arising in applying the interest limitation rules
• Know when it will be possible to restructure clients’ borrowings to minimise the impact of the interest limitation rules

SUITED TO

Accountants of all levels, property lawyers, real estate agents, mortgage brokers, financiers, and others who advise on residential property transactions.

PRESENTERS

Stephen Tomlinson, Principal, Tomlinson Law.

Duncan Terris, Director, Terris Legal Limited.