Calculating Depreciation on a House for Tax purposes Before getting scared off by the following explanation of calculating depreciation expenses, you need to know that tax depreciation quantity surveyors can prepare a custom depreciation schedule for you. All you’ll need to do is hand it over to your accountant at tax time. And that’s all […]

Property depreciation is one of the largest tax deductions for homeowners in Australia. But did you know that you can backdate your property’s depreciation? Doing so could save you thousands of dollars every year. As an investor, you need to take advantage of all the tax deductions Australia has to offer. Property depreciation deductions allow […]

It’s hard to believe, but we’re approaching that time of the year again – tax time! As the end of the financial year draws closer, you’ll likely start thinking about that big fat tax refund and what you can do with it. But first you need to make sure you maximise your cheque. To help […]

Whenever I am delivering a presentation or conducting a webinar, I always make sure to leave time for a 30 min Q&A session at the end. In most Q&A sessions, the topic that by-far receives the most queries has to do with the concept of “scrapping” in relation to property tax depreciation. Claiming the Residual […]

WHO doesn’t love a bargain? We all pat ourselves on the back when we purchase something for less than its true worth. Yes, I can see that smile of satisfaction! While it’s easy to pick up a new shirt or pants for half price at the latest sales or find a barely used item on […]

(UPDATE: – Read about the 2017 Budget changes to depreciation here). Dear Fellow Investors, I get it. I get what Bill Shorten and the Labor Party are trying to achieve by cutting negative gearing…but it stinks for 6 reasons. First, for those of you who might not know…Labor proposes to: Eliminate negative gearing to all […]

It’s tax time and I thought I’d provide a list of some things that may help you save some money. If you’ve been reading this blog, you’d know by now that some things, name depreciation, cannot be claimed as an immediate deduction, however, there are some that can be. So what are these expenses that […]