Property Depreciation Schedules - The New reality

Budget Changes to Depreciation

The 6 must-know takeaways from these budget changes: For residential property, you will only be able to claim depreciation on plant and equipment items (ovens, dishwashers etc.) when you buy a brand new property.  You will still be able to claim the building allowance (bricks, concrete etc.) on any residential property built after 1987. If […]

Claim Depreciation on your Overseas Property

Fancy a villa in Tuscany? What about a condo in LA or a loft apartment in New York? Yes, please! But the question everyone wants answered; can I claim depreciation on this property… The simple answer is yes! Difference between overseas and Australian property depreciation The main difference between an overseas property and one in […]

Wallabies Win affects Overseas Investment

After an early wake up on Sunday to watch the Wallabies have a brilliant victory over our old nemesis, England (commiserations guys) I was drinking my 3rd coffee of the morning and in a euphoric haze I starting to wonder to myself, how many teams are playing in this tournament? It turns out there are […]

Overseas Property Depreciation

Fancy a villa in Tuscany, what about a Condo in LA or Loft apartment in New York? I do! But can I claim depreciation on this property… The short answer is yes!  The main difference, however, is in regards to claiming the building allowance – that’s the wear and tear on structural elements of the […]