Sydney Property Investors - Must Read

Is now the time? Q&A with Terry Ryder

It’s no secret that there are different strategies when it comes to investing in property. Some people prefer to invest in brand-new properties, while others opt for older property that they can renovate and resell for profit. Whilst depreciation should never be the reason behind

Investing in a brand new property versus second-hand property: The Tax Depreciation perspective

It’s no secret that there are different strategies when it comes to investing in property. Some people prefer to invest in brand-new properties, while others opt for older property that they can renovate and resell for profit. Whilst depreciation should never be the reason behind

Updating your Report

At Washington Brown, we are always happy to provide updates to your report – usually free of charge. If your schedule has recently been completed, and you realise you forgot to provide certain information, such as an additional owner inclusion, post-contract variation, etc., let us know and we’ll amend your schedule to make sure it’s […]

What to give your Accountant

If you provided us with your accountant’s details at any point during your job, then they should have everything they need to submit your claim! If you didn’t, however, it won’t take long to supply them with the right documents. There are four main files they may need: Excel file: shows the detailed calculations of […]

Diminishing Value vs. Prime Cost Method

So, you’ve received your depreciation schedule – now you have a choice to make. Should you choose to claim the Diminishing Value method, or the Prime Cost method? Both methods are based upon the effective life of the asset – i.e. how long it will last. Diminishing Value Method The DV method depreciates items more […]

How to Read your Report

If you’re not an accountant, or this is your first depreciation schedule, reading all those figures can be a little daunting. Of course you could just give the report to your accountant and let them sort out your claims for you, but maybe you want to understand how you’ve saved all that money! There are […]

Expected Turnaround Time

At Washington Brown, we aim to keep the turn-around time from ordering your report to receiving the final copy to less than 7 days for No Inspect properties and less than 14 days for properties we have to inspect. Our records show that 94% of jobs get completed within these timeframes. Inspection Required If an […]

Our Inspection Process – TaxMax500

At Washington Brown, we try to make the inspection process as smooth as possible for you. Once you have provided the Required Information to us, that’s all your work done! We set out about organising the onsite inspection. This begins with getting in touch with the Access Contact you have put down – often your […]

Information for New Build Properties

If you’ve engaged a builder, bought a house and land package, or constructed a brand new home yourself, then there is some great news!   The 2017 Budget changes to depreciation don’t affect you (provided you never lived in the house yourself); and,   We can generally complete your report at a lower fee, as […]

Providing Required Information

Below is a list of the types of additional required information we may require to produce your comprehensive, ATO compliant Depreciation Schedule. Whilst you do not need this information at the time of accepting the quotation, you’ll need to supply this to us before we can commence work on your report. If you are unsure of any aspect […]