Investment Property Depreciation

Video about Latest changes in claiming property depreciation.

Every property investment carries a risk. In the case of speciality properties, the property investment basics won’t cut it. These are the pros and cons of investing in serviced apartments. If you’re a regular traveller, you may have stayed in a serviced apartment before. They occupy a strange middle ground between hotel and holiday home. […]

Rent expenses are deductible to the price that they are incurred for the purpose of producing rental income. Sometimes, rental expenses can be deductible for periods even when the property is not being rented out. However, this is only the case provided the property is genuinely available for rent. This means, the property is being […]

 Did you know? Did you know that lower-priced property often has a higher depreciation ratio in relation to the purchase price? During one of my recent media interviews, a journalist asked me to explain my comments on this issue. Most of us know that higher-priced property tends to rent on a yield far less than […]

Claiming depreciation on residential property is one of the most important steps in an investor’s journey. But those new to property investing often overlook some important key items of depreciation. The three most commonly missed items property investors can claim are: • Design and professional fees • Council costs • Builder’s profit Most people know […]

If you own your own business, are you currently leasing commercial space but considering buying your own premises? Or are you considering investing in your next property but can’t decide between a commercial or residential investment? Commercial property has fared far worse than residential property since Covid and beyond. The number of transactions has plummeted. […]

The recent depreciation changes have the greatest impact on the types of property you may choose to invest in. Some people prefer to invest in brand-new properties, while others opt for older property that they can renovate and resell for profit. So, which is the better investment strategy? Let’s look at this in actual finite […]

Step by Step Guide on How to Calculate 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 […]

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 […]

Client Name and Unit Number have been altered for privacy. Marie came to Washington Brown looking to maximise her tax depreciation deductions, having purchased a second-hand investment property in 2018. The house was originally built in 2000 and was purchased for $1,200,000 in 2018. The two storey house consisted of 4 bedrooms, 2 bathrooms and […]