Property Depreciation Schedules - The New reality

New Tax Deductions for Small Businesses

Joe Hockey delivers early Christmas present via tax deductions for small businesses. Small businesses with a turnover of less than $2m can now claim an immediate tax deduction when purchasing plant and equipment valued under $20,000. This new tax break will deliver an early Xmas present to fit-out contractors who specialise in restaurant and small […]

Is it a Repair or Capital Improvement

To Repair or Not to Repair – That is the Question! When you renovate a property, the builder will generally supply a Tax Invoice that outlines the amount owed and an overview of the work carried out. If part of the work carried out is deemed to be a repair in nature, you can claim […]

Chasing High Yield Property – What to Look Out For

Chasing High Yield Property One of our clients recently purchased of a block of 6 units in Port Macquarie and initially I thought “Wow, what a good deal.”  The client had purchased 6 units for a total of $550k and according to RP Data each unit was renting for $130 per week. So that’s $780 […]