Mark Wilkins

Recent Posts

Property Investor Community is Switched On

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[...]

October 26, 2018

What tax depreciation deductions can I claim from my brand-new investment property?

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

Repairs, Maintenance vs Capital Improvements

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

Home becomes rental property

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

I purchased a second-hand property, what can I claim?

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

How to use tax depreciation to help your cash flow

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

Can my accountant do the tax depreciation report for my rental?

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

4 Facts Every Property Investor Should Know About Claiming Depreciation on Their Rental Property

Click here to download this blog as an eBook.

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

Bought an investment property late in last financial year? Make it count, claim your deductions!

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

Refurbishing Business Spaces

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[...]

April 24, 2018
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