We were anticipating a show of commitment to address housing affordability in Tuesday night's budget, however it would be fair to say we were taken by surprise at the stated intention to specifically "limit plant and equipment depreciation[...]
If you’ve replaced or added assets to your investment property, it’s important to upgrade your tax depreciation schedule so you can claim on the new items from the time you install them.
A Quantity Surveyors Report (also known as a Capital Allowance and Tax Depreciation Schedule or Depreciation Schedule/Report) is a document, typically prepared by a professional Quantity Surveyor, that clearly reports in detail the deductions[...]
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[...]
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 -[...]
Just bought an investment property? You can still make this financial year count!
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[...]
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[...]