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.
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.
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[...]
Every year, thousands of properties are affected by events such as natural disasters and other unforeseen circumstances. In these situations, property investors often find themselves in the stressful situation of having to replace many assets and[...]
Just because an investment property is negatively geared, it does not mean it cannot produce a positive cash flow.
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[...]