Capitalising on commercial tax depreciation

Along with residential houses, tax depreciation can also be claimed through commercial properties. As a landlord or tenant, you are eligible to claim depreciation on commercial properties. Landlords are given the ability to claim capital works deductions as well as previously installed plant and equipment. Tenants can deduct the plant and equipment that was

By |2019-03-19T10:59:35+11:00March 19th, 2019|Advice|

Amending Tax Returns to Capture Depreciation on Previous Years

As an investor, you may have recently come to terms with depreciation and may have been unaware that you were entitled to claim deductions on your rental property. You may have thought your property was too old when it actually qualifies for depreciation – act now before it's too late! Besides the ATO allowing

By |2019-02-18T16:40:55+11:00February 18th, 2019|Advice|

Depreciation on renovations – what are substantial renovations and do I qualify?

As a result of the recent changes from the Federal Budget 2017, claiming depreciation on renovated properties has vastly changed. Prior to the recent law changes, landlords were entitled to claim depreciation on pre-existing plant and equipment and any renovations that were carried out by the previous owner. As the new legislation has passed,

By |2019-01-14T14:46:59+11:00January 14th, 2019|Advice|