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Negative gearing changes and subdivision

Discussion in 'Accounting, Tax & Legal' started by manic, 6th Apr, 2019.

  1. manic

    manic Member

    Joined:
    24th Jul, 2013
    Posts:
    8
    Location:
    Melbourne
    Hi, i currently have an investment property (720m block) that i will look to subdivide once townhouses are built. I'm planning to start building in July 2019 and finish approx June 2020. Given the proposed negative gearing changes by labor, if i were to subdivide post January 2019, will the new lots still be grandfathered for negative gearing?

    Thanks.
     
  2. Terryw

    Terryw Well-Known Member

    Joined:
    9th Jun, 2006
    Posts:
    890
    Location:
    Sydney
    based on press releases it appears to be based on purchase date.
    Too vague to know at this stage