12 11, 2019

Can I claim depreciation on a second hand or existing property?

By |2019-11-06T10:30:52+11:00November 12th, 2019|

Have you purchased or already own a property which is second hand or existing? It is a common misconception that existing properties do not yield any worthwhile depreciation. At Duo Tax, we are actively educating investors on the relevant laws and tax deductions available within investment properties and find that the above is not

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+10:00September 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