Property Depreciation Schedules - The New reality

5 Things Santa Can Help You Claim!!

I wanted to spread some Christmas Cheer and mention the 5 little-known things you CAN claim on if you’ve purchased a property built after 1987. This season is about giving and I hope the below gives you some further insight on how to maximise your Tax Depreciation deductions. 1. A Capital Idea Many investors do […]

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 […]

What a load of Scrap!

Whenever I am delivering a presentation or conducting a webinar, I always make sure to leave time for a 30 min Q&A session at the end. In most Q&A sessions, the topic that by-far receives the most queries has to do with the concept of “scrapping” in relation to property tax depreciation. Claiming the Residual […]

Is The Block the world’s worst development?

Washington Brown has crunched the numbers on The Block’s latest development in Melbourne’s inner-city bayside suburb of Port Melbourne, and something just doesn’t add up.  From a financial point of view the development, which consisted of transforming a 1920s art deco building into a luxury apartment block, was one of the worst he has ever […]

The 14 Property Must Haves For Every Property Investor

Every investor – whether expert or amateur – should be looking for the same things in a property investment to ensure its success. While there is no exact formula for buying a successful investment, it’s handy to have a checklist to consult to make sure you’re on the right track. Below are some of the […]

13 Ways to Maximise Your Rental Yield

While a property investor’s major goal is likely to be capital growth, they’ll also be looking for solid rental yields to help them hold onto their asset. To achieve the best possible rental return, you’ll need to maximise the appeal of your property to potential tenants. But what do tenants want? Generally they’ll want a […]

My Best Property Deal

Tyron Hyde was recently asked by Your Investment Property – “What was your best property deal?” How long have you been investing in property? Well about as long as I can remember! For me, the term “investing in property” means more than just buying an actual property. I’ve been “invested in property” ever since I […]

How to Claim Backyard Depreciation

Pssst… It’s me again. In this weeks’ QS corner, we’re taking a peek in your backyard. Hi, I’m Tyron Hyde, director of quantity surveying firm Washington Brown. Not everyone buys a unit as their investment property. Some buy houses. So what external items can be claimed? Regular viewers might already know that you can’t claim […]