Property Depreciation Schedules - The New reality

Commercial and Residential Property

So how does commercial property really stack up against residential in relation to depreciation? While we have covered the differences between the two, there are also some similarities. For example, the higher the quality of the commercial property the higher the depreciation. And the taller the building in commercial property, the higher the depreciation allowance. […]

Five Property Negotiation Tactics To Save You Money

Spend Less with the Right Tactics Information goes a long way when you’re buying an investment property in Australia. Without information, you can’t prepare for the negotiations. This is when you sit down with the seller to try and find the right price for your investment property in Australia. However, the information you have isn’t […]

The Secrets to Investing Using an SMSF

You Could Use Your SMSF to Save on Your Tax Bill You can use a SMSF (self-managed superannuation fund) to buy an investment property in Australia. However, this has previously been quite difficult. Many lenders would not allow SMSFs to borrow money, which means they had to fund the full purchase themselves. However, that changed […]

Back-to-basics on Property Depreciation

How does investment property depreciation work? What is depreciation? Let’s start right at the beginning. Depreciation is basically a tax deduction available to property investors. Your investment property earns an income (in the form of rent from your tenants). So, as with any activity that produces an income, there are various tax deductions available to […]

My Number 1 Tip!

I recently gave a webinar titled “8 Things You Don’t Know About Depreciation”. The feedback was excellent. During the webinar, the most insightful topic I spoke about was on the effective life of depreciable items. (NOTE: Deductions for these plant and equipment items may only apply if you bought the property prior to May 9, […]

Will the Sydney Property Market Crash?

I can think of many reasons why the Sydney property market is set for a major correction and I can think of many reasons why it won’t. I guarantee you I could find five experts to argue that the Sydney property market won’t crash, and I could find five experts to reason why it will. […]

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 […]

Increase Cash Flow with these Depreciation Tips

Claiming depreciation is one of the most important steps in an investor’s journey. Here’s my Top 5 Tax Depreciation tips to maximise the return on your investment property. Number 1: Use an Experienced Quantity Surveyor You’ve just paid hundreds of thousands of dollars for a property. Do you really want to risk missing out on […]

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 is Wrong & we are going to Prove It!

< Why the ATO is wrong The other night in bed….I was reading an article on the ATO Website (yes I’m a bit weird), titled “Where do you get the construction cost information?”. I was a little shocked when I read the last paragraph that stated “Note: Remember to obtain your construction costs report as […]