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.
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.
Ever wished you had an undo button in life?
Depreciation of pre-purchase additions and improvements