13 08, 2019

The differences between division 40 & 43 – Maximising your tax depreciation

By |2019-08-13T09:58:58+10:00August 13th, 2019|

When it comes to claiming depreciation on your rental properties, there are two factors that will be accounted for in a report. These are Division 40 (Plant and equipment) and Division 43 (Capital works). Division 40 – Plant and equipment Plant and equipment refer to items that are fixtures and fittings, usually known to

15 07, 2019

Differences in depreciation between houses and apartments

By |2019-07-15T12:33:39+10:00July 15th, 2019|

There are a range of factors that a Quantity Surveyor must consider when calculating how much depreciation needs to be provided for a given property. One of those factors is the property type, especially between apartment units and houses. While there are a variety of similarities in how depreciation is calculated for both houses

26 06, 2019

EOFY19 – Tax Depreciation Assessment

By |2019-07-15T10:44:18+10:00June 26th, 2019|

As we're not far out from the End of Financial Year, I would like to remind you to ensure all your documents are prepared prior to lodgement, this also includes the tax depreciation schedule for any properties that you may have recently purchased. Enquiries submitted before 30 June 2019 will allow me to issue tax