Property Depreciation Schedules - The New reality

How to Claim Low-Value Pooling

Immediately Write Off $300 and Low-Value Pooling (NOTE: Deductions for these plant and equipment items may only apply if you bought the property prior to May 9, 2017 – Read about the Budget changes here). Depreciation deductions are pro-rated depending on when you take ownership of a property. However, like with everything, there are exceptions […]

Immediately Write Off $300 and Low-Value Pooling

Having said that depreciation deductions are pro-rated depending on when you take ownership of a property, I’ll now give you an example that proves an exception to the rule. A Sydney client of ours settled on a one-bedroom Chatswood unit on June 25th last year. The property was built in 1999 and the purchase price […]