What many investors may not have considered when they are renovating their investment property is the value of the items they are throwing or giving away.
Pick your favourite property expert and check out their advice regarding the benefits of claiming depreciation on their investment properties. Whether your a Margaret Lomas or Michael Yardney fan from way back, or you prefer Cam McLellan, or[...]
Too often investors miss out on valuable deductions because they don't believe a depreciation schedule will be worthwhile for their property.
Don't waste time assessing the feasibility of a depreciation schedule for an investment property -[...]
Are you running your business in leased premises?
Whilst the ATO prescribes standard rates for effective lives of construction and plant and equipment items, the varied methodologies used by depreciation service providers can result in thousands of dollars of difference in the final schedule[...]
Capital Allowance simply refers to the deductions claimable for the decline in value of depreciating assets. For you as a property investor, it means the deductions you can claim as an expense, for the ageing, wear and tear of your investment[...]
Holiday rentals depreciation is an often missed deduction for investors. We are often surprised by how many investors don't claim for depreciation of their holiday rental, despite the significant tax advantages that maybe available. Owners of[...]
Our business is built on 2 key principles:
Late last year the Australian Taxation Office announced its intention to obtain details of property transactions dating back to September 20, 1985. Yes, you did read that correctly - the scope and amount of information they will be reviewing is[...]
Negative gearing allows for investors who have made a loss on an investment to claim that loss against their personal income.