EOFY19 – Tax Depreciation Assessment

Tuan Duong

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 deductible invoices this year so you can claim 100% of the cost this financial year. Remember, you can claim depreciation on various types of investments including:

  • Rental house or apartment whether old or new
  • Renovated properties (both minor and major renovation costing $15,000+)
  • Granny flats
  • Commercial buildings or shops
  • Fit-out on your leased office or shop
  • Home office that has shared use

If you’re unsure if it’s worthwhile, please reply here with an address and I can issue you a guaranteed estimate of deduction. Remember, the ATO does allow 2 years to amend tax returns if you would like to back-claim those big deductions!

If there is anything I’ve briefed over that may be of interest, please call me directly on 0431 154 356 and I’d be happy to discuss in further detail. Alternatively, drop me an email via reply or at info@duotax.com.au.

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Disclaimer: Please note that every effort has been made to ensure that the information provided in this guide is accurate. You should note, however, that the information is intended as a guide only, providing an overview of general information available to property investors. This guide is not intended to be an exhaustive source of information and should not be seen to constitute legal or tax advice. You should, where necessary, seek a second professional opinion for any legal or tax issues raised in your investing affairs.

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Tuan Duong

Tuan is an award winning Quantity Surveyor and leads Duo Tax Quantity Surveyors – Australia’s fastest growing provider of Tax Depreciation.

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