Property Depreciation Schedules - The New reality

Stamp Duty Changes for NSW?

AFTER MANY months of speculation, the New South Wales Government has revealed its plan to overhaul stamp duty in the state. What is it all about? The measure, announced as part of the 2020-21 NSW Budget handed down on Tuesday, will be open for public consultation until March so the community can have a say. […]

AIRBNB

By now you have probably heard that the Australian Taxation Office (ATO) is putting Airbnb owners ‘on notice.’ Airbnb has emailed owners warning them that their details have been shared with the ATO. I suspect that there might be a few ‘Nervous Nellies’ out there – those who haven’t declared the income they have been […]

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

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 […]

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 […]

Why Buying Off-The-Plan Will Make You Money

Don’t Be Put Off Because You Can’t Explore The Property There are many things you need to consider when buying an investment property in Australia. While the process may be exciting, it can also be confusing. One of the main choices you need to make relates to the type of property you buy. Do 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 […]

Tax Time: What You Can Claim

Tax time is creeping up on us! So I thought I’d provide a simple list of some things that you can claim on. And that will help you save some money. If you’ve been reading this blog, you’d know by now that some things cannot be claimed as an immediate deduction. However, there are some […]

The Property Market Limbo: Depreciation Solution

The property market is currently in a state of limbo, particularly those involved in the selling of new property. Why? Because budget statement in relation to helping “reduce pressure on housing affordability” has potentially changed the game and announced dramatic changes to the way depreciation is claimed on property. Let’s start with the good news: […]