When it comes to claiming depreciation deductions for qualifying plant and equipment assets*, property owners should be aware of certain tactics which can increase their deductions sooner. This will increase their annual cash flow and allow them to realise the benefits from their investment property sooner. One...
Depreciation is a complex area, so unless you’re a specialist Quantity Surveyor or a qualified Tax Accountant, it can be hard to wrap your head around it. As such, investors miss deductions all the time, meaning they could be losing out on thousands of dollars. Research shows...
Are you an investor who’s heard about the benefits of depreciation and have decided to start claiming? That’s great news for your investment. Claiming depreciation will help you maximise the cash return from your investment property. As a non-cash deduction, depreciation is a quick win for investors...
Many Australian farmers have been doing it tough of late, with drought declared across much of New South Wales and Queensland. Farmers should be aware that they’re entitled to claim depreciation deductions for income producing structures and assets found on their properties. In this 6-minute video,...
Once an investor starts claiming depreciation, they can expect an improvement in their cash flow. This is because depreciation essentially lowers taxable income, meaning more money back in an investor’s pocket at tax time. For most people, the extra cash from a tax return is put into...
The new financial year is a great time to look critically at last year’s investing habits and identify any weak areas that can be improved for a more successful year ahead. The ability to question your investing habits and open yourself up to new ideas...
For most people, a new financial year means time to prepare an income tax return. They’ll lodge their return, hopefully get a refund (or maybe have to pay some extra tax) and then forget about it until next tax time rolls around. For property investors, it has...
Depreciation can be a rather complex area with specific rules, qualifying dates, depreciation rates, methods for claiming and pre-determined effective lives of assets. As such, claiming depreciation deductions can be a confusing task for many property investors. For this reason, it’s imperative that investors get a...
Most first-time property investors soon discover that they need a tax depreciation schedule and require a Quantity Surveyor to supply one. But what is a Quantity Surveyor and how do they come up with your depreciation deductions? Usually Accountants or property professionals like a Real Estate...