QS Corner Archive
Tyron Hyde is director of Washington Brown and has over 15 years experience in the construction and development industry. Considered one of Australia's leading experts in property tax depreciation, Tyron regularly presents at industry conferences and events and has published numerous articles on tax depreciation and property investment. Tyron has a Bachelor in Construction Economics from University of Technology Sydney.
Dream about your own Villa in Tuscany? In this issue we learn about property depreciation when investing overseas …
Increasing the yield of your investment property with a Granny Flat and, while making an income, claim depreciation …
Surprising advice from a Quantity Surveyor on considerations to make when buying investment property …
The ATO announced they will be using data matching techniques to target Property Investors, we speculate target areas …
Over 20,000 people have download Australia's first Property Depreciation iPhone App, see what's in store next for mobile property depreciation…
Government Tax Working Group established for potential changes to the way building depreciation allowances could be treated.
A little-know ATO "loophole" closes, but there are still cases where 1 year matters.
Real Estate investors are able to engage property investors in the tax benefits offered by particular properties thanks to Washington Brown and RP Data.
Rule Number 1 – Never lose money. Rule Number 2 – Never forget rule Number 1?
Save $57,350 now or over 40 years - which would you choose?
$1,000,000s get paid in Capital Gains Tax that shouldn't - how can you reduce your CGT?
Remember Cash is King!! And this issue shows you a way to keep the flow going that you may not have considered before.
Is the Australian Tax Office monitoring property investors and the deductions they claim?
Strategies the youth of today want to use when buying their first property.
Property Depreciation inside a Super Fund - So should I?
Some of the services required as buildings increase in height are obvious, such as a lift …
Australia’s first property depreciation app is now available on Android.
With the Aussie Dollar riding so high for such a long period, have you thought about buying property overseas?
Did you know? that in order to claim the depreciation of the work external to the main residence, construction must have commenced after the 26th of February 1992.
There are 3 main reasons why lower priced property often has a higher depreciation ratio in relation to the purchase price.
The Property Depreciation App aims to provide you - the Property Investor - with an estimate of the likely tax depreciation deductions available on certain properties.
When depreciating an investment property, the original construction cost must be used.
With tax time just around the corner - let's make sure you're getting every possible cent!
Not all construction costs are eligible for depreciation - heres some of the things that don't qualify.
Are those “free” depreciation estimates from your developer up to scratch?
Washington Brown moves from Crows Nest to the centre of Sydney. Read how we claim $35,000 instead of $5,000 in our $200,000 fitout.
In light of the recent tragic floods, many people, including myself, have looked at their insurance policy to see what they are covered for.
There are three major differences in relation to the depreciation of commercial versus residential property.
The property tax depreciation industry has just received a major shake up. And as an investor – you need to know about it. From now on, anyone who produces property depreciation reports - must also be a Registered Tax Agent.
When you receive a depreciation schedule you have a choice to make. You have to decide whether you want to claim the depreciation based upon the Diminishing Value method or the Prime Cost method.
When you receive a depreciation schedule you have a choice to make - claim the depreciation based upon the Diminishing Value method, or the Prime Cost method.
If you're buying an investment property, depreciation should not be the initial focus of your attention. You should be focusing on things such as: future infrastructure, potential rental yield, vacancy rates in the area and how you can improve the property.
If you buy a residential investment property where the construction commenced after 18 July 1985, you can claim depreciation on things like the brickwork, concrete, etc. This can add up to thousands of dollars in tax deductions.
The Australian Taxation Office (ATO) is ramping up client compliance monitoring by writing to 110,000 property investors who have purchased an investment property this year.
When the Henry Review was recently released most property investors breathed a sigh of relief. Unfortunately, one big area completely overlooked by the Henry Review was in relation to accelerating GREEN Depreciation.
There are two sides to the property depreciation puzzle. As an investor you're entitled to claim depreciation on the wear and tear of particular items (such as ovens, blinds, carpets etc) along with the construction cost of the building itself - provided building commenced after July 1985.
Washington Brown has created Australia's first and only tax depreciation calculator that allows you to estimates the potential depreciation deductions before you buy a property. But what if you are building a house - what are the likely depreciation deductions then?
Builders are good at building. But that doesn't necessarily make them good at maximising the depreciation allowances you are entitled to. That's why if you have contracted a builder to construct your investment property, it still pays to have a quantity surveyor prepare a depreciation report for you.
This month I'll discuss the depreciation implications of buying a renovated property. Most property investors now know you cannot claim building depreciation for properties that are constructed before July 1985.