Property Depreciation Schedules - The New reality

Stimulus Package nothing to sneeze at

The Morrison Government has today announced a $17.6 billion economic plan to keep Australians in jobs, and to keep businesses in business in light of the Coronavirus pandemic. The Government has outlined an increase of $700M to the instant asset write off threshold from $30,000 to $150,000, and has also expanded eligibility to businesses with […]

The Budget Has Changed The Game

The Federal Budget released on the 9th of May 2017 has changed the game for property investors.  The Government has changed the game in the new budget by reducing depreciation deductions for residential properties. And it’s good news too if you ask me! In this webinar, you’ll  learn the 9 key takeaways from these changes […]

Budget Depreciation Changes

Peter: The attendance tonight is mind blowing. In the world of depreciation, this is very much the equivalent of playing to a packed stadium. So thank you all for your interest. Tyron Hyde: Peter, I’ve never been more popular. Peter: Yeah, well. That’s right. In the quantity surveying world, this is as good as it […]

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 […]

Depreciation on Holiday Homes

Go on holidays and claim depreciation! The ATO has recently announced a crackdown on property investors over-claiming deductions on holiday homes, this includes depreciation. If you’ve been on holidays, it’s very easy to get caught up in the romance of owning your own holiday home. Purchase price, stamp duty and mortgages offset by the rental […]

Depreciation: Where to From Here?

(NOTE: The laws regarding depreciation have changed – Read about the Budget changes here). Depreciation: Where to from here? – The property depreciation formula. Whilst the depreciation laws in this country are quite complex, as a whole, I believe they are balanced and offer property investors realistic benefits. But there is always room for improvement. […]

How to Choose a Quantity Surveyor

How to choose a quantity surveyor – that’s right for you Buying and settling on an investment property is a lengthy process, and for good reason. It ensures that procedures are followed and regulations are met before you are fully committed financially. And let’s face it, you’re spending a serious amount of money on something […]

Why do I need a Quantity Surveyor

Builders are good at building. But that doesn’t necessarily make them good at maximising the depreciation allowances you, the developer or investor, are entitled to. That’s why if you have contracted a builder to construct your investment property it still pays to have a quantity surveyor prepare a depreciation report for you. In my two […]

When do you need a Quantity Surveyor?

Unless your property is very unusual, there would generally be no need to speak to a quantity surveyor before purchasing a property. While you’re hunting for potential investments, you can work out the estimated depreciation for a property by using Washington Brown’s free online depreciation calculator. Once you have committed to purchasing the property you […]

Can Depreciation Reports be split?

Can depreciation reports be split? Yes! So, when should you split your depreciation report: If you have purchased a property with a friend or family member, your depreciation schedule should be separated into individual reports that reflect how much you each own of that property. This will not only save you money in terms of […]