Draft Treasury Laws Amendment Bill 2017: Official submission from the Property Investment Professionals of Australia (PIPA) – 10th August 2017
This submission has been prepared by The Property Investment Professionals of Australia (PIPA) – the peak, not for profit association for property investment professionals. PIPA represents thousands of Australians who work in the property industry.
The purpose of this submission is to provide an official response to the Draft Treasury Laws Amendment (Housing Tax Integrity) Bill 2017.
This Government’s Draft Bill outlines proposed legislation in relation to changes to Depreciation and travel deductions. For the record some industry consultation would have been welcomed prior to the ‘surprise’ budget announcement. We can’t change the past, but given this submission PIPA does have an opportunity to present our subject matter expertise to help find a suitable and workable compromise. (more…)