Tyron Hyde Tyron Hyde
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About Tyron Hyde

Tyron Hyde is the CEO of Washington Brown Quantity Surveyors. He is regarded as one of the industry's leading experts in property tax depreciation, is regularly quoted in the media & asked to speak at conferences.

Tyron hosts a podcast called "Ten with Ty" where he interviews Australia's most successful investors as a lasting legacy for his daughter and followers, teaching them how to build and maintain wealth.

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Tyron has a Degree in Construction Economics (UTS) and is a Fellow of the Australian Institute of Quantity Surveyors. He began his career at Washington Brown in 1993 as a wide-eyed intern looking for a break in the industry. Twenty eight years later, he is now the sole owner of Washington Brown Depreciation Pty. Ltd.

With his passion and knowledge of property depreciation, Tyron is a regular speaker at industry conferences and is often quoted in national media. He has also published numerous articles and books including his popular Keep Claiming It book.

Director at Washington Brown Depreciation University of Technology Sydney Property Depreciation, Quantity Surveyors

Rental Property Tax Tips
#Investment Property Depreciation Calculator #Property Tax Deductions #Property Tax Tips
A calendar displaying "30 June," the End of Financial Year for the Australian tax year or retail stocktake sales, alongside a piggy bank and a pink calculator on a sky-blue background, with copy space.

Simple Tricks For Beating The End of Financial Year Rush

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Don’t wait until June to sort your depreciation schedule — get in early and avoid the end-of-financial-year chaos! Whether you bought your property in July or June 30, your report should only claim for the days you’ve owned the property. 

Every one exchanges and settles a property on different days throughout the year. However, the end of the financial year only occurs once. As does the end of year rush!

Your report should calculate exactly how much money you can claim for building allowance depreciation, based upon the number of days you have owned the property in that financial year.

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For instance, if you settled on June 30, you should only be claiming 1/365 of any value attached to, say, the oven or the carpet. There are exceptions to this rule, such as low-value pooling for small items under $300. Some reports from other companies don’t perform this calculation for you, which could end up costing you more in additional accounting fees.

One important point I’d like to take note of regarding the timing of getting your depreciation report, is that you should get it sooner rather than later. Don’t wait for the end of financial year deadline when everyone else is scrambling to get a report.

If you settle late in the year (for example, around November or December), it’s wise to order a depreciation report right away to avoid the end-of-June rush—offices often get overwhelmed near the financial year’s end. You may also be able to request monthly deductions rather than waiting until year-end, which can assist in managing your tax variation. For insights on the changing nature of commercial property use (and how it may influence depreciation strategies), check Washington Brown’s article on the future of office buildings. And for official guidance on claiming depreciation and rental expenses, refer to the ATO’s information on depreciating assets in rental properties.

Work out how much you save using our free property investment property depreciation calculator.

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