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!
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?
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[...]
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.
Pick your favourite property expert and check out their advice regarding the benefits of claiming depreciation on their investment properties. Whether you follow Margaret Lomas or Michael Yardney, or you prefer Cam McLellan, or Jane Slack-Smith,[...]
Many investors don't realise they may be eligible to claim depreciation of renovations completed by previous owners of their investment property. The depreciation claimable will depend on when the property was purchased and the nature and extent[...]
A Tax Depreciation Schedule (also known as a Capital Allowance and Tax Depreciation Schedule or Quantity Surveyors Report, or Rental Property Depreciation Report) is a document, typically prepared by a professional Quantity Surveyor, that clearly[...]