We have written previously (and endlessly) about “The Budget Announcement” that was made in May 2017, and how some in our industry perceived it to be “doom and gloom”. We didn’t agree with that line of thought and believed it was a matter of time[...]
If you have purchased or want to purchase a brand-new house or unit, there are great tax depreciation deductions claimable to you!
October 25, 2018
Investors often confuse repairs and maintenance and capital improvements. Both are legitimate tax deductions, but they are treated differently when recording your deductions for tax purposes each year.
October 24, 2018
If you moved out of your home this year and continue to hold it as a rental, it’s no longer your Principal Place of Residence (PPOR) and it is producing an income for you. As such, you are eligible to start claiming all the deductions an[...]
October 23, 2018
With residential depreciation legislation changing in May last year, there has been some confusion amongst property investors and industry professionals and many have been wondering if second-hand properties can still claim tax depreciation.
August 08, 2018
As a property investor are you expecting a tax refund due to a negatively geared investment property? Did you know you can access that refund in advance, or in real time during the financial year to improve your cash flow each month?
July 19, 2018
Accountants are not qualified to estimate construction costs, which includes more than just materials & construction labour. For example, accountants are not qualified to estimate construction works & associated costs of previous works over the[...]
June 20, 2018
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Fact 1. Depreciation is typically one of the largest deductions available to property investors
Averaging between $2,500 - $5,000 for an existing house and $10,000 - $13,000 for a brand new[...]
June 14, 2018
It doesn’t matter how recently you bought your rental property – even if it was just a couple of weeks out from the end of the financial year – it’s always worth getting a depreciation schedule done sooner rather than later.
June 07, 2018
Knowing what expenses to claim on your investment property at the end of financial year can be confusing for many landlords and investors. Below is a general guide you can use to check and discuss with your accountants and advisers.
May 29, 2018
