Property in Lockdown? - Must Read Inspection Options

What a load of Scrap!

Whenever I am delivering a presentation or conducting a webinar, I always make sure to leave time for a 30 min Q&A session at the end. In most Q&A sessions, the topic that by-far receives the most queries has to do with the concept of “scrapping” in relation to property tax depreciation. Claiming the Residual […]

Time for That Spring Renovation

Don’t Forget Depreciation on Your Spring Renovation I don’t know about you, but every time I see that sun coming towards spring– I start thinking “What can I fix up around the house… or who can I get to do it!” But before your excitement gets you too caught up in painting your cupboard a […]

The ATO went Too Far and are in the Firing Line!

Many, many moons ago all Quantity Surveyors interpreted the Tax Act differently when preparing depreciation reports. For example, some of us would say that kitchens were part of the building and others considered them to be Plant & Equipment (P&E). Generally speaking it’s better to have an item considered P&E because you can claim it […]