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Delays to response times: It is taking longer than usual to answer calls and myIR messages, and to process some COVID-19 Support Payment applications. This is because of the impact of COVID-19. If possible, please contact us through your myIR account. Log in to myIR

Budget 2022: The Government has announced Budget 2022, which includes changes to child support payments. Find out more on our Tax Policy website

Budget 2022: The Government has announced a Cost of Living Payment, which will be paid from 1 August 2022. You do not need to apply for this payment. If you are eligible, we’ll pay it into your bank account. Find out more

Using excess deductions against income from either a taxed or untaxed rental property sale
Sellers of residential rental property who have excess deductions
End of the tax year

When you're left with unused excess deductions after a property sale you still might be able to use them. It depends on:

  • what basis you're using to work out your residential property deductions
  • if the sale was taxable.
Last updated: 28 Apr 2021
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