What do the proposed changes to depreciation mean for you?

It’s been a couple of weeks since the federal budget announcement and since then we’ve had some time to review how the proposed changes relating to plant and equipment deductions will affect property investors. Although we are not expecting the legislation to be finalised anytime soon, we have been talking with government with the aim…

How depreciation affects capital gains tax

In this Real Estate Talk show we answered a question from one of our listeners on depreciation and capital gains tax. We asked Brad Beer from BMT Quantity Surveyors for his thoughts. Here’s the transcript: Kevin:  I had a question sent in from Gary. I have an investment property that I claim depreciation on each tax year. Can…

Tips to improve depreciation deductions this tax time

The end of financial year is almost here and with it, property investors will be readying themselves to visit their Accountant to complete their annual income tax return. Every year the Australian Taxation Office (ATO) encourages property investors to be vigilant with their claims.  It is therefore important for investors to seek expert advice on…

Houses, units, townhouses or villas: can deductions be a guide?

Choosing the right type of investment property is often not an easy task for investors. There is much to consider including location, proximity to local services and facilities, employment drivers and historical growth of the area. Investors must also decide on the type of property to add to their portfolio based on their budget and…

Your end of financial year property depreciation checklist

With the Australian Taxadetion Office (ATO) encouraging rental property owners to be vigilant when preparing their annual income tax assessment this year, it’s important that investors understand the depreciation deductions they are eligible to claim. Depreciation continues to be an ardeea that investors find complicated and many investors lack the knowledge of complex tax legislation…

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