Property Depreciation Schedules - The New reality

Tips & Tricks of the Depreciation Trade

9 Ways to Cut Tax Bills Through Depreciation Firstly, what is property depreciation? Well, just like you claim the wear and tear of your car against your taxable income or the wear and tear of the desk in your office, you can claim the wear and tear of your property against your taxable income. But […]

Tips & Tricks of Property Investing

Let’s get into the tips & tricks of property investing: 1. The higher the building, the higher the depreciation Why? Because it has more of that plant and equipment stuff that I’m talking about and this stuff depreciates faster. It also has things like gyms, pools, etc. (UPDATE: Deductions for plant and equipment items may […]

Are You a Complete and Utter Property Flip?

When flipping property – what are the tax consequences? From my experience there are two types of property owners who “flip” stock in the housing market.  Firstly there are the ones who buy off the plan and try to on-sell (flip) the property to someone else prior to the settlement date. The second type are […]