In 1990 I was at a cross-road in my life – I wasn’t sure if I wanted to finish my Uni degree in Construction Economics… So like all good young Aussies – I took off and went backpacking. During this period, I sold “Luncheon Vouchers” via telesales, worked in factories and stacked shelves. One day […]
Claiming depreciation on your property is one of the most critical steps in an investor’s journey. And it’s the only deduction that can be subjective. All other expenses – such as interest, strata fees etc. must equal the amount you have precisely paid out. But, having an expert prepare, your tax depreciation report can enhance […]
An investment property tax deductions calculator won’t always show you everything you can claim. Many leave out the assets that go into a typical depreciation schedule. Here are the things that your tax depreciation schedule must contain. When it comes to tax, there’s one question you must ask about your investment property: what can I […]
Ever wondered what a Tax Depreciation Schedule Example looked like? You can view a Washington Brown sample depreciation schedule by clicking on the following link: Depreciation Schedule Example This example report indicates what you could expect to receive if you ordered a depreciation schedule for your property (to get a free quote, click here). From […]
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What is a tax depreciation report? A property depreciation report is prepared by a Quantity Surveyor that saves property investors money. In essence, property investors can claim tax on the wear and tear of property investment, just like a business can claim the depreciation entitlements of the computer they use for their business. How to […]
What is a Property Tax Depreciation Schedule? Depreciation itself means that the values of particular assets decrease over time because of constant usage (wear and tear). Tax depreciation schedules are documents that list all of these assets and their respective decline in value. Property investors can then use this data to claim their annual income […]
Need a Quantity Surveyor in Hobart or Tasmania? Welcome to the Washington Brown Quantity Surveyors’ website. For over 40 years, we have provided tax depreciation schedules to property investors and property developers, as a trusted Quantity Surveyor in Hobart. We service Hobart and surrounding regions, including Launceston, Devonport, Ulverstone, Georgetown, Sandy Bay, Burnie, Kingston, Sorrell […]
What Is Property Depreciation Calculator? A depreciation calculator is merely an accounting tool that helps investors save money by claiming the wear and tear of a property on their tax return. The Washington Brown, a property depreciation calculator, is unique because it enables property investors to estimate the depreciation by simply inputting a purchase price. […]
Property Summary Property Type Industrial Suite Office Area 43sqm Warehouse Area 81sqm Build Year 2013 Purchase Price (2021) $496,000 Depreciation Claim Summary 1st Year Claim $9,767 1st Year Tax Savings 3,614 Total Claim $145,795 A Depreciation Comparison – Cash Flow With Depreciation Claim Without Claim Rent received at $480 per week $24,960 $24,960 Interest (6% […]