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You might get really excited at the thought of buying an investment property but are you aware of all the costs associated with it? Owning a property comes with a lot of expenses. Things like council rates, insurance policies and maintenance costs can catch you off guard if you haven’t planned for these expenses. When looking at investment properties, many people do calculations based on what their expected mortgage expenses are going to be and what the rental income is. Well, if you don’t account for these expenses, you’re going to find yourself in a bit of a tough spot. So, in today’s video, we're going to share a few ongoing costs that property investors often don’t account for in their budget. Now, grab a pen and paper and make sure you have them all covered. CHAPTERS: 00:00 - Introduction 01:37 - Insurance 02:35 - Accountant Fees 03:08 - Maintenance 03:50 - Advertising Fees 04:08 - Property Manager 04:40 - Utilities 05:15 - Vacancy Costs 05:35 - Strata Fees 06:02 - Land Tax 06:57 - Final Thoughts Check out the other land tax fees in this article: https://duotax.com.au/land-tax-objection/ — Tuan is the Director of Duo Tax Quantity Surveyors. For the past five years, he and his team have helped thousands of property investors maximise their tax deductions through the power of tax depreciation schedules. As an avid property investor himself, his mission is to help all property investors get the most value out of their investments. Contact us: https://duotax.com.au/getaquote/ — Connect Website: https://duotax.com.au/ Facebook: https://www.facebook.com/duotax/ LinkedIn: https://www.linkedin.com/company/duo-tax-quantity-surveyors/ Instagram: https://www.instagram.com/duotaxqs YouTube: https://www.youtube.com/channel/UCgqWlkobZNGd_9L2N1eaWPg — Video produced by Social Wave https://www.socialwave.com.au
THE REALITY OF PROPERTY INVESTING: THE COSTS YOU NEED TO KNOW ABOUT!

You might get really excited at the thought of buying an investment property but are you aware of all the costs associated with it?

Owning a property comes with a lot of expenses.

Things like council rates, insurance policies and maintenance costs can catch you off guard if you haven’t planned for these expenses.

When looking at investment properties, many people do calculations based on what their expected mortgage expenses are going to be and what the rental income is.

Well, if you don’t account for these expenses, you’re going to find yourself in a bit of a tough spot.

So, in today’s video, we're going to share a few ongoing costs that property investors often don’t account for in their budget.

Now, grab a pen and paper and make sure you have them all covered.

CHAPTERS:
00:00 - Introduction
01:37 - Insurance
02:35 - Accountant Fees
03:08 - Maintenance
03:50 - Advertising Fees
04:08 - Property Manager
04:40 - Utilities
05:15 - Vacancy Costs
05:35 - Strata Fees
06:02 - Land Tax
06:57 - Final Thoughts

Check out the other land tax fees in this article: https://duotax.com.au/land-tax-objection/



—
Tuan is the Director of Duo Tax Quantity Surveyors. For the past five years, he and his team have helped thousands of property investors maximise their tax deductions through the power of tax depreciation schedules. As an avid property investor himself, his mission is to help all property investors get the most value out of their investments.

Contact us:
https://duotax.com.au/getaquote/

—
Connect
Website: https://duotax.com.au/
Facebook: https://www.facebook.com/duotax/
LinkedIn: https://www.linkedin.com/company/duo-tax-quantity-surveyors/
Instagram: https://www.instagram.com/duotaxqs
YouTube: https://www.youtube.com/channel/UCgqWlkobZNGd_9L2N1eaWPg

—
Video produced by Social Wave
https://www.socialwave.com.au

YouTube Video VVVncVdsa29iWk5HZF85TDJOMWVhV1BnLllLVHpxYW9sSFAw
Commercial property investments can be highly complex because they have their own set of rules and things to consider when you compare them with residential properties. One of the most frequently overlooked things we see is to do with clients considering commercial investment properties with existing tenants. Now, existing leases can be good or bad, it just depends on your circumstances. That's why in today’s video, I am going to run you through the things you need to look out for when investing in a commercial property that has existing tenants so make sure to watch it till the end! CHAPTERS: 00:00 - Introduction 01:21 - Pros and Cons of Commercial Property Investments 03:03 - Things to Consider When Having Existing Tenants 04:37 - How Quantity Surveyors Can Help 05:01 - Final Thoughts — Tuan is the Director of Duo Tax Quantity Surveyors. For the past five years, he and his team have helped thousands of property investors maximise their tax deductions through the power of tax depreciation schedules. As an avid property investor himself, his mission is to help all property investors get the most value out of their investments. Contact us: https://duotax.com.au/getaquote/ — Connect Website: https://duotax.com.au/ Facebook: https://www.facebook.com/duotax/ LinkedIn: https://www.linkedin.com/company/duo-tax-quantity-surveyors/ Instagram: https://www.instagram.com/duotaxqs YouTube: https://www.youtube.com/channel/UCgqWlkobZNGd_9L2N1eaWPg — Video produced by Social Wave https://www.socialwave.com.au
BUYING A COMMERCIAL PROPERTY WITH EXISTING TENANTS? THINGS TO CONSIDER

Commercial property investments can be highly complex because they have their own set of rules and things to consider when you compare them with residential properties.

One of the most frequently overlooked things we see is to do with clients considering commercial investment properties with existing tenants.

Now, existing leases can be good or bad, it just depends on your circumstances.

That's why in today’s video, I am going to run you through the things you need to look out for when investing in a commercial property that has existing tenants so make sure to watch it till the end!

CHAPTERS:
00:00 - Introduction
01:21 - Pros and Cons of Commercial Property Investments
03:03 - Things to Consider When Having Existing Tenants
04:37 - How Quantity Surveyors Can Help
05:01 - Final Thoughts


—
Tuan is the Director of Duo Tax Quantity Surveyors. For the past five years, he and his team have helped thousands of property investors maximise their tax deductions through the power of tax depreciation schedules. As an avid property investor himself, his mission is to help all property investors get the most value out of their investments.

Contact us:
https://duotax.com.au/getaquote/

—
Connect
Website: https://duotax.com.au/
Facebook: https://www.facebook.com/duotax/
LinkedIn: https://www.linkedin.com/company/duo-tax-quantity-surveyors/
Instagram: https://www.instagram.com/duotaxqs
YouTube: https://www.youtube.com/channel/UCgqWlkobZNGd_9L2N1eaWPg

—
Video produced by Social Wave
https://www.socialwave.com.au

YouTube Video VVVncVdsa29iWk5HZF85TDJOMWVhV1BnLkRKeVFUQWxHQ0E0
So you're thinking of investing in overseas property? Well, before you do, there are a few things you need to be aware of because it's super important to know what you're getting yourself into before making any big decisions. In this video, we're going to talk about some of the tax implications that come with investing in overseas properties. Now, if you're like some of our clients and you're interested in doing this but you want to make sure that you're fully aware of all the possible tax implications, then make sure to watch this video all the way through! — Tuan is the Director of Duo Tax Quantity Surveyors. For the past five years, he and his team have helped thousands of property investors maximise their tax deductions through the power of tax depreciation schedules. As an avid property investor himself, his mission is to help all property investors get the most value out of their investments. Contact us: https://duotax.com.au/getaquote/ — Connect Website: https://duotax.com.au/ Facebook: https://www.facebook.com/duotax/ LinkedIn: https://www.linkedin.com/company/duo-tax-quantity-surveyors/ Instagram: https://www.instagram.com/duotaxqs YouTube: https://www.youtube.com/channel/UCgqWlkobZNGd_9L2N1eaWPg — Video produced by Social Wave https://www.socialwave.com.au
OVERSEAS PROPERTY INVESTMENT TAX IMPLICATIONS

So you're thinking of investing in overseas property?

Well, before you do, there are a few things you need to be aware of because it's super important to know what you're getting yourself into before making any big decisions.

In this video, we're going to talk about some of the tax implications that come with investing in overseas properties.

Now, if you're like some of our clients and you're interested in doing this but you want to make sure that you're fully aware of all the possible tax implications, then make sure to watch this video all the way through!


—
Tuan is the Director of Duo Tax Quantity Surveyors. For the past five years, he and his team have helped thousands of property investors maximise their tax deductions through the power of tax depreciation schedules. As an avid property investor himself, his mission is to help all property investors get the most value out of their investments.

Contact us:
https://duotax.com.au/getaquote/

—
Connect
Website: https://duotax.com.au/
Facebook: https://www.facebook.com/duotax/
LinkedIn: https://www.linkedin.com/company/duo-tax-quantity-surveyors/
Instagram: https://www.instagram.com/duotaxqs
YouTube: https://www.youtube.com/channel/UCgqWlkobZNGd_9L2N1eaWPg

—
Video produced by Social Wave
https://www.socialwave.com.au

YouTube Video VVVncVdsa29iWk5HZF85TDJOMWVhV1BnLllIMks2V3NGdHN3
Are you looking at buying your first investment property or looking to add more properties to your portfolio? Despite all the challenges that the pandemic threw at us and the endless lockdowns, Australia’s housing markets experienced a once-in-a-generation boom in property prices in 2021. We’re almost well into the first quarter of the year, and the burning question on every investor’s mind is, “are we going to have another year like 2021?” Well, if there’s anything we’ve learnt over the last few years is that it's hard to forecast property trends because who knows what’s going to be thrown at us next. But there are quite a few experts in the field that can help us give you a good idea of what to expect. In this video, I'm going to share with you a few market trends you should keep an eye out for if you're looking to buy your first investment property or if you're looking to add more properties to your portfolio. So, stay tuned! — Tuan is the Director of Duo Tax Quantity Surveyors. For the past five years, he and his team have helped thousands of property investors maximise their tax deductions through the power of tax depreciation schedules. As an avid property investor himself, his mission is to help all property investors get the most value out of their investments. Contact us: https://duotax.com.au/getaquote/ — Connect Website: https://duotax.com.au/ Facebook: https://www.facebook.com/duotax/ LinkedIn: https://www.linkedin.com/company/duo-tax-quantity-surveyors/ Instagram: https://www.instagram.com/duotaxqs YouTube: https://www.youtube.com/channel/UCgqWlkobZNGd_9L2N1eaWPg — Video produced by Social Wave https://www.socialwave.com.au
2022 AUSTRALIAN PROPERTY PREDICTIONS

Are you looking at buying your first investment property or looking to add more properties to your portfolio?

Despite all the challenges that the pandemic threw at us and the endless lockdowns, Australia’s housing markets experienced a once-in-a-generation boom in property prices in 2021.

We’re almost well into the first quarter of the year, and the burning question on every investor’s mind is, “are we going to have another year like 2021?”

Well, if there’s anything we’ve learnt over the last few years is that it's hard to forecast property trends because who knows what’s going to be thrown at us next.

But there are quite a few experts in the field that can help us give you a good idea of what to expect.

In this video, I'm going to share with you a few market trends you should keep an eye out for if you're looking to buy your first investment property or if you're looking to add more properties to your portfolio.

So, stay tuned!



—
Tuan is the Director of Duo Tax Quantity Surveyors. For the past five years, he and his team have helped thousands of property investors maximise their tax deductions through the power of tax depreciation schedules. As an avid property investor himself, his mission is to help all property investors get the most value out of their investments.

Contact us:
https://duotax.com.au/getaquote/

—
Connect
Website: https://duotax.com.au/
Facebook: https://www.facebook.com/duotax/
LinkedIn: https://www.linkedin.com/company/duo-tax-quantity-surveyors/
Instagram: https://www.instagram.com/duotaxqs
YouTube: https://www.youtube.com/channel/UCgqWlkobZNGd_9L2N1eaWPg

—
Video produced by Social Wave
https://www.socialwave.com.au

YouTube Video VVVncVdsa29iWk5HZF85TDJOMWVhV1BnLjQyTXRCY3pjVGQw
So, when is the best time to purchase a tax depreciation schedule? 👉 It's when you're approaching the settlement of your new rental property and have tenants moving into it. It's ideal to organise to have a quantity surveyor go in before the new tenants move in to avoid disrupting them. 👉 Just before the end of the financial year, so that your accountant can have all the information on hand to lodge your tax return immediately after you receive your Notice of Assessment or Group Certificate. 👉 You're planning to vacate your home and turn it into a rental property.
When Should You Get a Tax Depreciation Schedule?

So, when is the best time to purchase a tax depreciation schedule?

👉 It's when you're approaching the settlement of your new rental property and have tenants moving into it. It's ideal to organise to have a quantity surveyor go in before the new tenants move in to avoid disrupting them.

👉 Just before the end of the financial year, so that your accountant can have all the information on hand to lodge your tax return immediately after you receive your Notice of Assessment or Group Certificate.

👉 You're planning to vacate your home and turn it into a rental property.

YouTube Video VVVncVdsa29iWk5HZF85TDJOMWVhV1BnLlktdkJYS3VsOVh3
Do you need to get a tax depreciation schedule? Well, here are a few circumstances where we would advise clients like you to get a tax depreciation schedule: ▪ You've bought a rental property that's either new or off-the-plan. ▪ You've switched your property from a primary place of residence to a rental property. ▪ You run your business from home ▪ You've bought a residential property, and you've entirely or partially demolished the house to renovate it. ▪ You've purchased a new commercial space that you plan to lease out to somebody or a tenant. ▪ You've purchased a new commercial space to use for yourself as owner-occupied business premises. Considering all those things, do you think you need to get a tax depreciation schedule? 🤔 #duotax #duotaxexplains #depreciation #depreciationschedule
Who Needs to Get a Depreciation Schedule?

Do you need to get a tax depreciation schedule?

Well, here are a few circumstances where we would advise clients like you to get a tax depreciation schedule:

▪ You've bought a rental property that's either new or off-the-plan.
▪ You've switched your property from a primary place of residence to a rental property.
▪ You run your business from home
▪ You've bought a residential property, and you've entirely or partially demolished the house to renovate it.
▪ You've purchased a new commercial space that you plan to lease out to somebody or a tenant.
▪ You've purchased a new commercial space to use for yourself as owner-occupied business premises.

Considering all those things, do you think you need to get a tax depreciation schedule? 🤔

#duotax #duotaxexplains #depreciation #depreciationschedule

YouTube Video VVVncVdsa29iWk5HZF85TDJOMWVhV1BnLmlvWlJZTGd6bi1F
Don't you know that the ATO provides a Tax Ruling called an "effective life schedule" that outlines the effective life of an asset? 🤔 This is how long the ATO deems a particular asset is generally used to produce income. For example, an air conditioning unit has an effective life of 15 years. From this, we can calculate the rate that we can depreciate the asset either by the diminishing value 📉 or prime cost method. #duotax #depreciation #depreciationschedule
Effective Life Schedule Explained

Don't you know that the ATO provides a Tax Ruling called an "effective life schedule" that outlines the effective life of an asset? 🤔

This is how long the ATO deems a particular asset is generally used to produce income.

For example, an air conditioning unit has an effective life of 15 years.

From this, we can calculate the rate that we can depreciate the asset either by the diminishing value 📉 or prime cost method.

#duotax #depreciation #depreciationschedule

YouTube Video VVVncVdsa29iWk5HZF85TDJOMWVhV1BnLi1jbm5SMVB0Z05R
Here's how you can claim your tax depreciation... First, you'll need a tax depreciation schedule prepared by a qualified quantity surveyor like us here at Duo Tax. You can't get your accountant to do this. Why? Because it requires a qualified expert in the form of a quantity surveyor to give you an accurate report 📑 that's compliant with the ATO. Once you receive this report, if you have an accountant, you would give this to them. Then they'll make these depreciation claims when they lodge your tax return at the end of each financial year. #duotax #tax #depreciation #property #investing
How to Claim Tax Depreciation

Here's how you can claim your tax depreciation...

First, you'll need a tax depreciation schedule prepared by a qualified quantity surveyor like us here at Duo Tax.

You can't get your accountant to do this.

Why?

Because it requires a qualified expert in the form of a quantity surveyor to give you an accurate report 📑 that's compliant with the ATO.

Once you receive this report, if you have an accountant, you would give this to them.

Then they'll make these depreciation claims when they lodge your tax return at the end of each financial year.

#duotax #tax #depreciation #property #investing

YouTube Video VVVncVdsa29iWk5HZF85TDJOMWVhV1BnLmpnbnhFTWFIV3lZ
What Are The Two Classes of Depreciation You Can Claim? When it comes to property investing, which is where Duo Tax specialises, there are two classes of depreciation you can claim. 👉 Plant and Equipment 👉 Capital Works #duotax #tax #depreciation #property #investment
2 Types of Depreciation

What Are The Two Classes of Depreciation You Can Claim?

When it comes to property investing, which is where Duo Tax specialises, there are two classes of depreciation you can claim.

👉 Plant and Equipment
👉 Capital Works

#duotax #tax #depreciation #property #investment

YouTube Video VVVncVdsa29iWk5HZF85TDJOMWVhV1BnLnlfTUY3T2RLMmJz
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