Articles by Mike Mortlock

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Mike Mortlock is a Tax Depreciation expert, Quantity Surveyor and Managing Director of MCG Quantity Surveyors. He is a regular speaker and commentator having been featured in the Financial Review and Sky Business. MCG Specialise in Tax Depreciation Schedules and Construction Cost Estimating for investors. You can visit them at Visit www.mcgqs.com.au


Are substantially renovated properties exempt from new depreciation legislation?
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Are substantially renovated properties exempt from new depreciation legislation?

Last year new laws have been enacted to deny deductions for depreciation for “previously used” depreciating assets related to the use of residential investment properties. In simple terms, for affected taxpayers, from 1 July 2017, depreciation deductions for items of plant and equipment (e.g. dishwashers, ceiling fans, carpet, and hot water systems) in residential investment…

Three Key Triggers Telling You To Get A Depreciation Schedule
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Three Key Triggers Telling You To Get A Depreciation Schedule

Every year people complain about Easter eggs being in the shops already in February, it’s one of those perennial water cooler topics like the magpie swooping season. Tax time is no different and for my part, I wish I wasn’t droning on about the end of the financial year approaching every year, but my insatiable…

Depreciable asset or repairs and maintenance? – How to make the call
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Depreciable asset or repairs and maintenance? – How to make the call

Owning an investment property will invariably result in having to spend some money on it. The good news is that the tax man (perhaps we need a gender-neutral term but technically the tax commissioner is a man) will let you claim that expenditure as a deduction. However, not all deductions are equal. Spending money on…

My favourite QS BS – The top three furphies spouted by the depreciation industry
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My favourite QS BS – The top three furphies spouted by the depreciation industry

As a Quantity Surveyor or QS if you will, I have the pleasure of a little inside information when it comes to reading some of the articles or catch phrases written by other quantity surveyors. No sour grapes here, for the most part we all get along. I have some great relationships with a number…

What I’ve learnt from some of the best property investment minds in Australia
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What I’ve learnt from some of the best property investment minds in Australia

Around a year ago I started a podcast for our property investor clients with the aim of assisting them to get the most out of their investing. We look after their depreciation schedules, but I wanted to put them in touch with experts to assist them with investing overall.  The statistics show us that more…

The decline of the scrapping schedule — How depreciation changes have impacted scrapping
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The decline of the scrapping schedule — How depreciation changes have impacted scrapping

The May 2017 budget heralded the largest change to depreciation rules since 2006, it certainly ruined what would have been a perfectly good glass of shiraz as I sat watching Scott Morrison at home. For anyone lucky enough to have been busy doing something interesting on the evening of the 9th of May 2017 rather…