Property Depreciation Schedules - The New reality

Stimulus Package nothing to sneeze at

The Morrison Government has today announced a $17.6 billion economic plan to keep Australians in jobs, and to keep businesses in business in light of the Coronavirus pandemic. The Government has outlined an increase of $700M to the instant asset write off threshold from $30,000 to $150,000, and has also expanded eligibility to businesses with […]

What is a Depreciation Schedule?

Property depreciation is a legal tax deduction related to the ‘wear and tear’ of an investment property over time. A tax depreciation 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 eligible, on the Plant and Equipment […]

The CGT Saver Report

    Let me introduce you to our new product, the CGT Saver™ Report – A report specifically created to prevent our clients from paying too much in Capital Gains Tax. Although you can no longer claim depreciation on second-hand Plant & Equipment Items (ovens, dishwashers, etc.), with Washington Brown’s CGT Saver™, you can claim […]

Depreciation and Natural Disasters

Depreciation and Natural Disasters: Everything You Need To Know A natural disaster could have a devastating effect on your investment property in Australia. You may need to get a new depreciation schedule to account for any repairs you make. Here’s what you need to know. You cannot underestimate the effects natural disasters can have on […]

The Secrets of Backdating Your Property’s Depreciation

Property depreciation is one of the largest tax deductions for homeowners in Australia. But did you know that you can backdate your property’s depreciation? Doing so could save you thousands of dollars every year. As an investor, you need to take advantage of all the tax deductions Australia has to offer. Property depreciation deductions allow […]

Best Reasons to Invest in Commercial Property

You have a choice to make when investing in real estate. Commercial properties may be more difficult to manage than residential homes. However, there are plenty of reasons why you should invest in commercial property. So, you’ve decided to invest in real estate. Commercial properties may not seem like the best choice. They come with […]

The Budget Has Changed The Game

The Federal Budget released on the 9th of May 2017 has changed the game for property investors.  The Government has changed the game in the new budget by reducing depreciation deductions for residential properties. And it’s good news too if you ask me! In this webinar, you’ll  learn the 9 key takeaways from these changes […]

Claim Depreciation on Previous Owners’ Renovations

You Can Claim Tax Deductions in Australia for Previous Renovations When considering tax deductions in Australia, most investors only take their own renovations into account. It does make sense. After all, why should you be eligible to claim deductions on your investment property in Australia if you didn’t pay for the work? Perhaps surprisingly, you […]

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 […]

Tips & Tricks of the Depreciation Trade

9 Ways to Cut Tax Bills Through Depreciation Firstly, what is property depreciation? Well, just like you claim the wear and tear of your car against your taxable income or the wear and tear of the desk in your office, you can claim the wear and tear of your property against your taxable income. But […]