Depreciation Law Changes Articles:

Differences Between Commercial And Residential Property Depreciation

If you own your own business, are you currently leasing commercial space but thinking of 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 in the years since the GFC and beyond. The […]

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Depreciation as it applies to Different Ownership Structures

An investor recently asked me, ‘Should I buy an investment property in my own name, my company name or via my super fund to maximise depreciation?’ While the tax implications are a very important part of your property investment strategy, I would never make taxation the number one reason for determining how I structure my […]

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New Old property depreciation

How the new depreciation laws affect depreciation on old property

There is a common misconception in the property market that you cannot claim depreciation on old properties. This is wrong, and I can prove it! The origin of this myth centres on the fact that you cannot claim building depreciation on residential properties where the construction commencement date is before 1987. This is a true […]

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Wooden House Keyring

Holiday Home Depreciation New Laws

Can I still claim depreciation on plant and equipment on my holiday home if I use it twice a year? This is the biggest grey area of all the legislative changes in my view and one that will require further clarification moving forward. The Government in the Housing Tax Bill Explanatory Memorandum states that if a property […]

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Depreciation Budget Changes 2017

Budget 2017 Depreciation Changes

The Top 14 New Depreciation Rules for Rental Properties. Well, the dust has finally settled on the new legislation regarding the changes to the depreciation law for investment properties that will apply to second-hand residential properties. This article will dig deep into some of the questions we have commonly been asked since 9 May 2017, […]

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Budget Depreciation Changes

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 […]

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The Five Things Your Tax Depreciation Schedule Must Contain

An investment property tax deductions calculator won’t always show you everything you can claim. Many leave out the assets that go into a typical depreciation schedule. Here are the things that your tax depreciation schedule must contain. When it comes to tax, there’s one question you must ask about your investment property: what can I […]

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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 […]

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8 Tips To Maximise Your Tax Return

It’s hard to believe, but we’re approaching that time of the year again – tax time! As the end of the financial year draws closer, you’ll likely start thinking about that big fat tax refund and what you can do with it. But first you need to make sure you maximise your cheque. To help […]

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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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