Washington Brown Blog

Blog Articles

difderence between residential and commercial depreciation

Differences Between Commercial And Residential Property Depreciation

If you own your own business, are you currently leasing commercial space but considering buying your own premises? Or are you considering investing in your next property but can’t decide between a commercial or residential investment? Commercial property has fared far worse than residential property since Covid and beyond. The number of transactions has plummeted. […]

Read more
Holiday Home Tax Deductions

Holiday Home Tax Deductions – Complete Guide

Attention! If you have a holiday investment home, you will be interested in this. The Australian Tax Office (ATO) has begun focusing on ‘holiday home’ investors to get you up to scratch on the current tax situation. Why the sudden shift in focus? This alteration in tactics is because of the ATO growing concerns with landlords and over-claiming […]

Read more

Rental Expenses On Investment Properties

  Rental expenses- Did you know? You can claim a deduction for certain expenses you incurred during the period your property is rented or available for rent! Types of rental expenses include There are three types of rental expenses available to investment owners; Cannot claim deductions Can claim immediate deductions in the income year you […]

Read more
Depreciation Facts

The Ultimate Guide to Rental Property Tax Deductions

All property investors must consider tax deductions. Australia has clear rules in place. The Australian Taxation Office (ATO) outlines the basics, but here’s what you really need to know. There’s one key question to ask yourself when you buy an investment property. What can I claim? It’s a simple question, but one that doesn’t have […]

Read more
Depreciation Facts

The Pros and Cons of Investing for Capital Growth

Having a plan is one of the real estate investment basics. You have a choice between creating a rental property investment strategy and investing for growth. Here are the pros and cons of the latter. You have a few choices to make when investing in rental property. For beginners, the main one lies in deciding […]

Read more
Depreciation Facts

7 Crazy Depreciation Facts

In 2017, the Australian Government significantly changed how depreciation can be claimed on second-hand property. And if you ask me, the new legislation is sloppy, at best! You can no longer claim depreciation on “previously used” residential assets such as carpet, ovens, dishwashers, etc. You can learn more about the changes to the depreciation law […]

Read more
How to calculate property depreciation

How To Calculate Depreciation on Investment Property

Calculating Depreciation on a House for Tax purposes Before getting scared off by the following explanation of calculating depreciation expenses, you need to know that tax depreciation quantity surveyors can prepare a custom depreciation schedule for you. All you’ll need to do is hand it over to your accountant at tax time. And that’s all […]

Read more
depreciation without an inspection

Statistics Don’t Lie – Depreciation Schedule inspections

THE NUMBERS are in. There’s no denying it. It’s now a fact that not every property needs a depreciation schedule inspection for the maximum tax deductions to be claimed. The truth is that the majority don’t need a physical inspection, saving you time and money. We’ve been saying this for a long time, but you […]

Read more