by
September 26, 2019
The Ring-Fencing legislation has passed and is now active for this financial year. Many landlords have missed the Ring-Fencing Change. This blow from the Government is about removing negative gearing for new landlords. So, from this current financial year old rental tax losses cannot be claimed against other non-property income.So if you were getting a tax refund from last year, you won't see one in 2020. This change puts recent property investors at a disadvantage in that it is most used in the early stages of owing an investment. Larger and long established investors will likely see no impact for them. In the future this change will disadvantage new entrants to property investment and advantage existing landlords, as it will restrict the number of rental properties made available.
