Property Depreciation Schedules - The New reality

How the depreciation changes affect buying brand new property versus second hand property.

The recent depreciation changes have the greatest impact on the types of property you may choose to invest in. Some people prefer to invest in brand-new properties, while others opt for older property that they can renovate and resell for profit. So, which is the better investment strategy? Let’s look at this in actual finite […]

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 […]

Depreciation Old Investment Property

I often get asked, “Can I claim depreciation on my very old investment property?” The simple answer is yes, but this is where a lot of investors make a mistake. There are two components to a depreciation schedule Quantity Surveyors prepare on your investment property. The Building Allowance The first component involves claiming what’s called […]