Property in Lockdown? - Must Read Inspection Options

How to calculate depreciation on your investment property

Step by Step Guide on how to calculate depreciation on your investment property. Before getting scared off by the following explanation, you need to know that a quantity surveyor can inspect your property and pre- pare a depreciation schedule for you. All you’ll need to do is hand it over to your accountant at tax […]

Building Allowance Maximiser

 Let’s talk about bricks and mortar. Or what the Government calls the Building Allowance. Whilst you can no longer claim depreciation on plant and equipment in second-hand investment properties, that’s the things like ovens, dishwasher etc. You can still claim the structure of the building, that’s the bricks, concrete, windows, tiling, etc. provided the […]

Changes to Depreciation Law for Investment Properties

The top 14 changes to depreciation for invesment properties. Well, the dust has finally settled on the new legislation regarding the changes to the depreciation law for investmenr properties that will apply to second-hand residential properties. In this article we will dig deep into some of the questions we have commonly been asked since the […]

The Budget Change and How it Affects our Rental Property

Dealing with your rental property post-budget change Before the budget change investors were entitled to claim plant and equipment and building allowance, so long as the property was built post-1987 and the property had settled within 10 years of getting the depreciation report, even if they had lived in the property prior, post or during […]

The Five Things Your Tax Depreciation Schedule Must Contain

An investment property tax deductions calculator won’t always show you everything you can claim. Many leave out the assets that go into a typical depreciation schedule. Here are the things that your tax depreciation schedule must contain. When it comes to tax, there’s one question you must ask about your investment property: what can I […]

Discover the Benefits of Investing in New Homes

Your Investment Property in Australia Doesn’t Have to be Pre-Owned Whether you buy an old or new property is one of the key decisions you’ll have to make when buying an investment property in Australia. Both have their advantages. With an old property, you can often secure a great deal, plus there’s potential to renovate […]

Commercial Space Deductions

Make Sure You Claim All Depreciation on Your Commercial Real Estate If you’re thinking about buying commercial real estate in Melbourne, you need to prepare yourself. Many people fail to claim the commercial tax deductions in Australia that are due to them. This results in thousands of lost dollars. You can claim for all sorts […]

Why Buying Off-The-Plan Will Make You Money

Don’t Be Put Off Because You Can’t Explore The Property There are many things you need to consider when buying an investment property in Australia. While the process may be exciting, it can also be confusing. One of the main choices you need to make relates to the type of property you buy. Do you […]

How Much Will Your Depreciation Schedule Cost?

The Price May Vary Depending on Several Factors The fee you’ll pay for a depreciation schedule will vary. For example, you may pay anywhere between $275 and $715 for the report. This is a fairly standard price for an established residential home. All these properties aren’t brand new. This usually means you’ve purchased it from […]

Finally, Some Clarity

On Friday 14th July, the Treasury Office released a draft bill regarding how depreciation deductions on a second-hand property can be claimed moving forward. They also invited interested parties to make submissions. It’s complicated, to say the least, so I’ve tried to simplify this Bill and the key points. Here are my 9 Key Takeaways […]