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?
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.
As referred to in previous articles click here, the amendments to legislation about claiming depreciation has changed the timing of claims for second hand Division 40 assets. Previously, the depreciation deductions for these assets could be[...]
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[...]
Too often accountants and other professionals still tell us that they don’t bother with depreciation for an investment property if the property is 20 years or older.