Income tax – residential property moving from standard tax rules to mixed-use asset rules

This fact sheet accompanies IS 25/08: Income tax – implications of a residential property moving between the standard tax rules and the mixed-use asset rules which considers situations where a person’s use of their residential property has changed so that it moves from being under one set of income tax deduction rules to another. This fact sheet explains what happens when residential property moves from the standard tax rules to the mixed-use asset rules.