The Australian Taxation Office (ATO) allows commercial property owners and tenants to claim tax depreciation for the wear and tear of their building, and for the depreciation of their plant and equipment assets over time. What many commercial[...]
As referred to in previous articles click here, the amendments to legislation about claiming depreciation has changed the timing of claims for second hand Division 40 assets. Previously, the depreciation deductions for these assets could be[...]
Does the change in legislation affect your ability to claim depreciation on your investment property this year?
Still not sure how the new legislation affects investors ability to claim depreciation?
Every day we are fielding questions from investors and their advisers who are unsure if they should be claiming depreciation on their investment property[...]
Medical and dental practitioners often aren't considered small business operators in the traditional sense, and we often hear they would rather have their own teeth pulled than have to get too involved in their businesses accounts - after all[...]
On the 15th November 2017, Senate passed the anticipated legislation that limits the ability of investors to claim depreciation on second hand assets acquired in investment properties purchased after May 9, 2017.
Whether you own or lease your business premises be sure you are not missing out on the tax benefits you could be claiming for the depreciation of your business fit-out.
After much initial angst back in May, we have seen little difference in investor demand for depreciation schedules, with schedules requested from Capital Claims Tax Depreciation to be greater over the May - September period than compared with the[...]
Fact 1. Depreciation is typically one of the largest deductions available to property investors
Averaging between $6,000 and $12,000 in the first full year for standard residential properties, tax[...]