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[...]
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[...]
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.
Depreciation of pre-purchase additions and improvements