A $50 million tax concession for landlords would turbocharge the move to electrical appliances in the nation’s rental properties, saving tenants up to $1594 a year, under a proposal by independent crossbenchers.
According to the independents, including Kate Chaney, Zoe Daniel, Dai Lee, Monique Ryan, Sophie Scamps, Kylea Tink and ACT senator David Pocock, enabling landlords to instantly write off for tax purposes upgrades to their rental property appliances would be a cost-effective way to cut emissions and reduce the costs facing tenants.
The budget office estimated the policy change could boost the number of rental gas appliances replaced with electric ones by 23 per cent. This would be driven by a 35 per cent lift in hot water systems and a 59 per cent increase in cooktops.Sydney independent Allegra Spender said helping households move away from expensive gas appliances to those powered by renewable electricity was central to dealing with the nation’s cost-of-living and climate problems.
United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: theage - 🏆 8. / 77 Read more »