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Changes to Depreciation Law for Investment Properties

The top 14 changes to depreciation for invesment properties. Well, the dust has finally settled on the new legislation regarding the changes to the depreciation law for investmenr properties that will apply to second-hand residential properties. In this article we will dig deep into some of the questions we have commonly been asked since the […]

The Budget Change and How it Affects our Rental Property

Dealing with your rental property post-budget change Before the budget change investors were entitled to claim plant and equipment and building allowance, so long as the property was built post-1987 and the property had settled within 10 years of getting the depreciation report, even if they had lived in the property prior, post or during […]

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 […]

The Depreciation Party Is Over

The depreciation party is over… Well, kind of! In an attempt to “reduce pressure on housing affordability” the Government has announced dramatic changes to the way depreciation is claimed on property. Let’s start with the good news: 1.  Any existing investment properties purchased (contract exchange date) prior to May 9 2017 are not affected (unless they […]

Staying Under the ATO’s Radar

Compiling the report properly A depreciation schedule on your investment property can generate significant tax savings – as long as it has been complied correctly. In my experience there are three main areas the Australian Tax Office tends to target come tax time. 1. Repairs and maintenance One of them is whether you’ve claimed repairs […]

My Number 1 Tip!

I recently gave a webinar titled “8 Things You Don’t Know About Depreciation”. The feedback was excellent. During the webinar, the most insightful topic I spoke about was on the effective life of depreciable items. (NOTE: Deductions for these plant and equipment items may only apply if you bought the property prior to May 9, […]

How to choose the Right Quantity Surveyor

Choosing a quantity surveyor that’s right for you doesn’t have to be challenging To choose, buy and settle on an investment property is a lengthy process, and for good reason. It ensures that procedures are followed and regulations are met before you are fully committed financially, and let’s face it, you’re spending a serious amount […]

How to Stay Under the ATO’s Radar…

Learn how to stay under the ATO’s radar by watching this video A depreciation schedule on your investment property can generate significant tax savings – as long as it has been complied correctly. In my experience there are three areas the ATO tends to target come tax time. One of them is whether you’ve claimed […]

How to Choose a Quantity Surveyor

How to choose a quantity surveyor – that’s right for you Buying and settling on an investment property is a lengthy process, and for good reason. It ensures that procedures are followed and regulations are met before you are fully committed financially. And let’s face it, you’re spending a serious amount of money on something […]

Why you should use a Registered Tax Agent

Since March 2010, anyone who produces a property depreciation report must also be a registered tax agent. This is a good thing for property investors. I have been preparing depreciation schedules for more than 20 years now and have never seen so many “experts” entering the market over last few years. To be sure, ask […]