Claim Maximum Building Allowance Articles:

How to calculate property depreciation

How To Calculate Depreciation on Investment Property

Step by Step Guide on How to Calculate 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 […]

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Commercial and Residential Property

So how does commercial property really stack up against residential in relation to depreciation? While we have covered the differences between the two, there are also some similarities. For example, the higher the quality of the commercial property the higher the depreciation. And the taller the building in commercial property, the higher the depreciation allowance. […]

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Busting the 8 Myths of Depreciation Schedules

There are many myths floating around when it comes to tax depreciation. Especially regarding what property investors are entitled to claim. Below are some of the most common myths I have heard during my time as a qualified Quantity Surveyor. NOTE: Information below regarding plant and equipment items may only apply to properties purchased prior to May […]

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Scrapping Schedule

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 […]

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Holiday Home Depreciation

Depreciation on Holiday Homes & AirBnb

Go on holidays and claim depreciation! The ATO has recently announced a crackdown on property investors over-claiming deductions on holiday homes; this includes depreciation. If you’ve been on holiday, it’s straightforward to get caught up in the romance of owning your own holiday home. The purchase price, stamp duty and mortgages offset by the rental […]

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Split Depreciation Report

Getting Help with Investment Property Depreciation

Understanding Building Depreciation Did you know that a quantity surveyor can be extremely helpful when dealing with investment property depreciation? People naturally aren’t too happy dealing with anything that has the word “depreciation” on it which would suggest a decrease in value. In the case of investment property though, depreciation can work in your favour […]

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