Buying guide
Interest deductibility on rental property explained
The laws are changing so we’ve got up to date answers to make life easier.
AI summary
The government is reintroducing interest deductibility for rental property mortgage costs, reversing the previous phase-out policy. This change is being implemented on a schedule:
- 2023/24 tax year: 60% deductible
- 2024/25 tax year: 80% deductible
- 2025/26 tax year: 100% deductible
Additionally, the bright-line test has been shortened to two years. Landlords should stay informed and consult a tax accountant to navigate these new rules and ensure compliance with their tax obligations.
But first, what is interest deductibility on rental property?
Current rules — what's deductible now?
There are tax advantages to owning a new build property.
Other changes for investors to note
Should I be doing anything now?
Get the right help
Author
Search
Other articles you might like
