15 10, 2019

When is the ideal time to purchase a tax depreciation schedule?

By |2019-10-15T10:10:00+11:00October 15th, 2019|

Tax Return deadline for self-lodgements to the Australian Tax Office (ATO) For your 2018-19 tax returns, it is important to keep in mind the deadlines set by the ATO. Tax returns must be lodged prior to the 31st of October 2019 as any lodgments made after this date may be subject to a ‘failure

16 09, 2019

Demolition, removal or clearing of an existing house or office? You’re entitled to claim tax deductions.

By |2019-09-17T16:49:37+11:00September 16th, 2019|

If you are looking to renovate an investment property, you will want to consider getting a scrapping report to immediately deduct assets you plan on demolishing or throwing away. Assets that are to be thrown away or “scrapped” can be claimed for 100% of their current value as a loss and offset your taxable

13 08, 2019

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

By |2019-08-13T09:58:58+11:00August 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