As property investors, there are a myriad of documents required at the end of the financial year to maximise your cash flow from a tax perspective. Depreciation is the second largest property expense after interest charged by lenders and can translate to a substantial gearing advantage for the life of the property. Thus, it
When an investor purchases or develops a brand new property, they can either rent it out, or choose to live in it. Depending on the choice, there can be different tax rules applied to it. It is paramount that the investor is well informed of the rules and regulations when making their choice. The
The federal government has recently enhanced the instant asset write off scheme in response to the coronavirus outbreak which has disrupted the economy. It is now a crucial time for business owners to capitalise on the cash flow benefits available through this scheme as eligible assets under $150,000 can be claimed as an outright
Although depreciation is never the primary reason why you build a new investment property, it certainly has quite a bearing on the cash flow of your property that you cannot overlook. A qualified Quantity Surveyor will help assist with all the necessary reports that are involved in the building of an investment property. The
Investors incur property related expenditures when undergoing renovations, replacements or repairs. These may be required when the building is rundown, in need of repairs or as part of the investors 'value-adding' strategy. More often, investors are asking how to differentiate whether it is considered a repair, a capital or a replacement as the tax
Is your property properly insured? Recently, Australia has been hit by a bushfire crisis where thousands of homes have been damaged and even destroyed. Property owners will need insurance in case the worst comes to fruition however, figuring out how much to insure can be tricky. If the insured value is too high, the
