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Tax Tips Alert: March 2022

Tax Bill to be passed by Parliament

New tax legislation is expected to be passed by Parliament shortly, which will enact a number of changes to the tax rules for:

  • the deductibility of interest payments for residential property investors
  • the bright-line test
  • cryptoassets
  • GST invoicing and record keeping
  • local authorities 

We covered some of the key proposals in our September and October 2021 editions of Tax Tips. This Tax Tips Alert focuses on key changes made to the legislation as a result of the Select Committee public consultation process.  

If you would like any further detailed advice on what the new legislation will mean for you, please reach out to your usual PwC advisor.  

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