In 2017, the Australian Government significantly changed how depreciation can be claimed on second-hand property. And if you ask me, the new legislation is sloppy, at best! You can no longer claim depreciation on “previously used” residential assets such as carpet, ovens, dishwashers, etc. You can learn more about the changes to the depreciation law […]

Calculating Depreciation on a House for Tax purposes Before getting scared off by the following explanation of calculating depreciation expenses, you need to know that tax depreciation quantity surveyors can prepare a custom depreciation schedule for you. All you’ll need to do is hand it over to your accountant at tax time. And that’s all […]

Why You Need A Tax Depreciation Schedule For Your Rental Property Missing Out Your Tax Depreciation Schedule Could Costing You Hundreds Of Thousands Of Dollars In Savings. Property investors and business owners often seek ways to save money and increase cash flow. However, many overlook a significant tool: a rental property depreciation schedule. The barrier […]

THE NUMBERS are in. There’s no denying it. It’s now a fact that not every property needs a depreciation schedule inspection for the maximum tax deductions to be claimed. The truth is that the majority don’t need a physical inspection, saving you time and money. We’ve been saying this for a long time, but you […]

Speak with Australia’s multi-award-winning Property Depreciation Experts, Washington Brown, and maximise the deductions you can claim today. Request A Quote   Free Consultation Old Property Doesn’t Mean Lost Claims Some property owners may be hesitant to look into depreciation as they believe their claims may be too old to pursue. However, this is not always […]

Speak with Australia’s multi-award-winning Property Depreciation Experts, Washington Brown, and maximise the deductions you can claim on your new property today. Request A Quote   Free Consultation Get The Most Out Of Your Brand New Property Depreciation schedule Those familiar with rental property depreciation know they can save thousands or even millions on commercial property […]

An investor recently asked me, ‘Should I buy an investment property in my own name, my company name or via my super fund to maximise depreciation?’ While the tax implications are a very important part of your property investment strategy, I would never make taxation the number one reason for determining how I structure my […]

There is a common misconception in the property market that you cannot claim depreciation on old properties. This is wrong, and I can prove it! The origin of this myth centres on the fact that you cannot claim building depreciation on residential properties where the construction commencement date is before 1987. This is a true […]

What is Property Depreciation? Property depreciation is a legal tax deduction related to the ‘wear and tear’ of an investment property over time. A tax depreciation report (or schedule) outlines the deductions you may be entitled to claim each year of ownership on the Building Allowance (the structure itself, including bricks, concrete etc.) and the […]

What is Property Depreciation? Property depreciation is a legal tax deduction related to the ‘wear and tear’ of an investment property over time. A tax depreciation report (or schedule) outlines the deductions you may be entitled to claim each year of ownership on the Building Allowance (the structure itself including bricks, concrete, etc.) and, if […]