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EOFY19 – Tax Depreciation Assessment

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

By |2020-02-03T11:46:07+11:00August 16th, 2019|

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

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

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

Differences in depreciation between houses and apartments

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

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

Purchasing an existing dwelling versus a brand-new investment property

Although depreciation is never the primary reason why you buy property, it certainly has quite a bearing on the cash flow of your property that you cannot overlook. There are many considerations that must be made when you are deciding whether to purchase an existing property or a brand-new property for investment purposes.  As

By |2019-06-12T13:10:41+10:00April 17th, 2019|

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 |2019-06-12T12:16:38+10:00March 19th, 2019|

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 |2019-06-12T12:22:11+10:00February 18th, 2019|
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