Tyron Hyde is director of Washington Brown and has over 15 years experience in the construction and development industry. Considered one of Australia’s leading experts in property tax depreciation, Tyron regularly presents at industry conferences and events and has published numerous articles on tax depreciation and property investment. Tyron has a Bachelor in Construction Economics from University of Technology Sydney.
Tip #81
Cheap Depreciation Schedules
I was recently asked by my Adwords consultant “Should we make the word Cheap a negative keyword?” What that means is, when people searching in Google for “Cheap Quantity Surveyor” or “Cheap Depreciation Schedule” our ad won’t show. The Little Mr. Competitive in me pondered this for awhile, but eventually decided that yes, we should […]
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Tip #80
Tax Max 500
As a property investor, the more depreciation you can claim – the more affordable your property investment will become. And that’s because it reduces it your taxable income. At Washington Brown, we guarantee to get you the maximum depreciation every time. Our digitally powered quality assurance process – the TAXMAX500™ – evaluates every property across […]
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Tip #79
How cool is our new website!
Every few years I think it’s important for companies to take a “long hard look” at themselves. And that’s exactly what we’ve done at Washington Brown in creating our new website. It’s taken over a year from start to finish, and there were times during the process that I wanted to pull out what hair […]
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Tip #78
London Property Depreciation
Washington Brown has always had a connection to London. Read why the London connection continues to make us smile.
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Tip #77
Sydney Property Market Crash
Are you able to predict market crashes? Tyron gives away his number 1 reason why the Sydney property market won’t crash.
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Tip #72
Holiday Rental Depreciation
It is possible to collect rent, claim depreciation and enjoy the great getaway a holiday house can bring but there is a catch…
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Tip #71
Who is accountable
We were recently asked by a client “Do you take responsibility for your reports?” and I wanted to share our response.
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Tip #70
Report Preparation Takes time
The ATO recognises that it’s not always that easy to get a report done, but we aim to fix that…
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Tip #69
Body Corporate Levy Trick
Learn about a little trick your body corporate could use to help you get more for your investment rental…
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Tip #68
Rant: P&E not Building Allowance
It’s about time for a rant! The ATO’s classification makes some seriously bad assumptions…
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Tip #67
Airbnb and Property Depreciation
Discover how you can still claim property depreciation renting part of your home… but there is a BIG but!
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Tip #66
3 things you may not know about Depreciation Schedules
Make sure you get this QS Corner as it’s filled with something that may have stopped you getting a deprecation report and saving a lot of money
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Tip #65
Tax Time Precautions
It’s tax time and these helpful hints will help keep the ATO at pay when claiming your investment property deductions.
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Tip #64
9 Property Investing Tips
Tyron makes his family property real estate investment tips public knowledge. Remember these for maximum return on your next investment property.
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Tip #63
Repair vs Capital Improvement
A builder is not always thinking “How can I itemise this Tax Invoice in order to maximise my clients’ tax return?”, but with the right advice, you can check that you get it right to make your claim.
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Tip #62
Claiming Depreciation on a Holiday House
Don’t get carried away with that holiday feeling… While banking on a tax depreciation on your holiday house is allowed, it’s not all fun in the sun.
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Tip #61
Helping Property Investors achieve their dreams
Ty’s new found fondness for conferences leads him to a revealing discover about his own business.
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Tip #60
Previous Owners Depreciation Schedule
The answer to the regularly asked question “Can I use a depreciation schedule from the previous owner?”
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Tip #58
Building Construction Commencement Date
Tyron gets out his monocle and goes on the hunt for building commencement dates. Learn his trade tricks in this tip…
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Tip #56
Flipping Property
Discover two common property flipping techniques and how they can be effected by property depreciation.
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Tip #55
Property Value Pack
Learn about a very special offer from Washington Brown when ordering your next property depreciation report.
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Tip #54
ATO Tax Audit
Learn what you should be keeping in regards to your proof of expenses, when claiming property depreciation with the ATO.
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Tip #53
Popular Depreciation Method
An alternative method to calculate and schedule the depreciation of your property.
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Tip #52
Popular Depreciation Method
Did you know there are 2 different ways to schedule the depreciation calculation of your property over time?
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Tip #51
Depreciating Construction Costs
Did you know that you can claim a selection of the expenses associated with the development of your investment property?
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Tip #50
Old vs New Investment Property Decision
What are the depreciation benefits of buying brand-new versus almost-new investment properties?
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Tip #49
Claim Depreciation on Older Renovated Properties
Can you claim depreciation on an older renovated property?
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Tip #48
Buyer Beware
We discover there are unregistered firms providing depreciation reports. Be aware!
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Tip #46
Property Depreciation Book
Australian Quantity Surveyor, Tyron Hyde, has published a book for Australian Property Investors looking to save thousands on tax.
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Tip #45
Is it Possible to Claim Depreciation on a Holiday House
Use your holiday house to make money and save you money at the same time and still enjoy your holidays away. Read on to see how.
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Tip #44
Small Business Assets Depreciation Regime
You don’t need to own property to enjoy the TAX savings that the Small Business Assets depreciation regime can return. Read about a report prepared for a Central Queensland motel.
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Tip #43
New Video Series for Property Investors
Tyron tells the reasons why he’s launched the new Washington Brown YouTube channel and what can expect to see. Have you subscribed?
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Tip #42
Different Types of Property Surveyors
An explanation of the difference between the various professionals that can put a price on aspects of your property.
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Tip #41
Depreciating Renovations
Most property investors now know you cannot claim building depreciation for old properties. But what if your property was built before 1985 and has been renovated?
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Tip #40
Overseas Depreciation Claim
Dream about your own Villa in Tuscany? In this issue we learn about property depreciation when investing overseas…
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Tip #39
Increased yield through a Granny Flat
Increasing the yield of your investment property with a Granny Flat and, while making an income, claim depreciation…
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Tip #38
Depreciation is the Icing on the Cake
Surprising advice from a Quantity Surveyor on considerations to make when buying investment property…
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Tip #37
ATO Property Compliance Monitoring
The ATO announced they will be using data matching techniques to target Property Investors, we speculate target areas…
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Tip #36
Mobile Property Depreciation App
Over 20,000 people have download Australia’s first Property Depreciation iPhone App, see what’s in store next for mobile property depreciation…
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Tip #35
Tax Working Group
Government Tax Working Group established for potential changes to the way building depreciation allowances could be treated.
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Tip #34
One Year Depreciation Difference
A little-know ATO “loophole” closes, but there are still cases where 1 year matters.
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Tip #33
RP Data Integrate Depreciation Calculator
Real Estate investors are able to engage property investors in the tax benefits offered by particular properties thanks to Washington Brown and RP Data.
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Tip #32
Play By The Property Buying Rules
Rule Number 1 – Never lose money. Rule Number 2 – Never forget rule Number 1?
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Tip #31
Property Tax Refunds
Save $57,350 now or over 40 years – which would you choose?
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Tip #30
Capital Gains Tax (CGT)
$1,000,000s get paid in Capital Gains Tax that shouldn’t – how can you reduce your CGT?
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Tip #29
Pay as you Go Withholding Tax
Remember Cash is King!! And this issue shows you a way to keep the flow going that you may not have considered before.
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Tip #28
Property Tax Deductions
Is the Australian Tax Office monitoring property investors and the deductions they claim?
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Tip #27
Buying Property Young
Strategies the youth of today want to use when buying their first property.
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Tip #26
Super Fund Depreciation
Property Depreciation inside a Super Fund – So should I?
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Tip #25
Immediate Tax Write Off
Even if your portion of a more expensive item is under $300, you can still write it off…
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Tip #24
Taller Buildings Attract Higher Depreciation
Some of the services required as buildings increase in height are obvious, such as a lift…
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Tip #23
Tax Depreciation Calculator for Android
Australia’s first property depreciation app is now available on Android.
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Tip #22
Overseas Property Purchases
With the Aussie Dollar riding so high for such a long period, have you thought about buying property overseas?
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Tip #21
Structural Improvement Claim Years
Did you know? that in order to claim the depreciation of the work external to the main residence, construction must have commenced after the 26th of February 1992.
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Tip #20
Less is more
There are 3 main reasons why lower priced property often has a higher depreciation ratio in relation to the purchase price.
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Tip #19
Depreciation Calculator iPhone App Launched
The Property Depreciation App aims to provide you – the Property Investor – with an estimate of the likely tax depreciation deductions available on certain properties.
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Tip #18
Make the most of the GFC
When depreciating an investment property, the original construction cost must be used.
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Tip #17
What can you depreciate
With tax time just around the corner – let’s make sure you’re getting every possible cent!
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Tip #16
What can’t you depreciate
Not all construction costs are eligible for depreciation – heres some of the things that don’t qualify.
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Tip #15
Free Depreciation Estimates
Are those “free” depreciation estimates from your developer up to scratch?
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Tip #14
We Depreciate Our Own Office
Washington Brown moves from Crows Nest to the centre of Sydney. Read how we claim $35,000 instead of $5,000 in our $200,000 fitout.
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Tip #13
Home Insurance
In light of the recent tragic floods, many people, including myself, have looked at their insurance policy to see what they are covered for.
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Tip #12
Look at Depreciating Commercial Property
There are three major differences in relation to the depreciation of commercial versus residential property.
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Tip #11
Question your investment property deprecation provider
The property tax depreciation industry has just received a major shake up. And as an investor – you need to know about it. From now on, anyone who produces property depreciation reports – must also be a Registered Tax Agent.
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Tip #10
Claiming the maximum property depreciation up front
When you receive a depreciation schedule you have a choice to make. You have to decide whether you want to claim the depreciation based upon the Diminishing Value method or the Prime Cost method.
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Tip #9
Slowing down depreciation
When you receive a depreciation schedule you have a choice to make – claim the depreciation based upon the Diminishing Value method, or the Prime Cost method.
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Tip #8
Depreciation is the icing on the cake
If you’re buying an investment property, depreciation should not be the initial focus of your attention. You should be focusing on things such as: future infrastructure, potential rental yield, vacancy rates in the area and how you can improve the property.
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Investment properties attract tax benefits
If you buy a residential investment property where the construction commenced after 18 July 1985, you can claim depreciation on things like the brickwork, concrete, etc. This can add up to thousands of dollars in tax deductions.
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Staying out of the ATO’s firing line
The Australian Taxation Office (ATO) is ramping up client compliance monitoring by writing to 110,000 property investors who have purchased an investment property this year.
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Tip #5
It’s not easy being green
When the Henry Review was recently released most property investors breathed a sigh of relief. Unfortunately, one big area completely overlooked by the Henry Review was in relation to accelerating GREEN Depreciation.
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Tip #4
Estimating is more than just an educated guess
There are two sides to the property depreciation puzzle. As an investor you’re entitled to claim depreciation on the wear and tear of particular items (such as ovens, blinds, carpets etc) along with the construction cost of the building itself – provided building commenced after July 1985.
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Tip #3
Quick guide to depreciation allowances
Washington Brown has created Australia’s first and only tax depreciation calculator that allows you to estimates the potential depreciation deductions before you buy a property. But what if you are building a house – what are the likely depreciation deductions then?
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Common mistakes preparing a depreciation schedule
Builders are good at building. But that doesn’t necessarily make them good at maximising the depreciation allowances you 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.
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Tip #1
Maximise your property depreciation allowance
This month I’ll discuss the depreciation implications of buying a renovated property. Most property investors now know you cannot claim building depreciation for properties that are constructed before July 1985.
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