When it comes to depreciation, the bathroom and laundry areas of a rental property contain some of the items most often missed by investors when claiming deductions. While shower curtains and bathroom accessories such as toilet brushes, soap dispensers and hampers have relatively low depreciable values,...
When it comes to renovating units, sometimes the “strata monster” can come out to play, and if you don’t know the rules, it can bite you where it’s likely to hurt the most – your hip pocket. ...
Owners of income producing properties can generally claim both capital works and plant and equipment deductions. However when claiming for traveller accommodation, it’s even more important to seek advice from a Quantity Surveyor. The rate at which owners can claim capital works deductions for traveller...
It used to be that negative gearing was the in-vogue investment strategy. Rachel Barnes, from InvestorFriendlyAgents.com.au, remembers people looking at her strangely and thinking it mildly humorous when she found and endorsed the potential of positive gearing back in early 2000. In today's show she tells the...
In today's show we get answers to a number of your questions from Chan & Naylor’s Ken Raiss to do with lines of credit, GST and Capital Gains tax on vacant land and transferring equity from a principal place of residence into a trust. Transcript: Kevin: A...
Tax time can be confusing for many property investors, but getting sorted is simply a matter of following some basic rules and getting the right advice. In today's show I talk to Brad Beer, from BMT Tax Depreciation, about that and he gives us 7 simple...