Articles
What Does a Quantity Surveyor Do?
There are numerous large construction projects out there. Ever thought who estimates or controls the construction costs? Yes, the task of controlling and estimating the cost of con… READ MORE
Changes relating to the May 2017 Budget
On the 9th of May 2017, the Federal Treasurer Scott Morrison announced in his budget a proposal that will change aspects of Property Depreciation. After a period of public consultation, input from com… READ MORE
Joint Tenants vs Tenants In Common
When two or more people own a property together they may either own it as joint tenants or tenants in common. We often have clients ask us what the difference is between the two types of ownership… READ MORE
No Rental Income
Can you claim rental expenses (depreciation) if your property does not produce rental income? Example: Joe & Mary have owned a property for a number of years in Sydney and decided to make it ava… READ MORE
What You Need to Know About Depreciation of Property
Meaning of property depreciation As the name suggests, property depreciation refers to the wear and tear of properties. Even though generally property appreciates in value, as a property gets ol… READ MORE
How You Benefit from a Depreciation Schedule
Depreciation is one of the biggest and most under-utilised claims available to property investors. Many people do not realise the cash flow benefits of obtaining a depreciation schedule which can resu… READ MORE
Rental Properties and Natural Disasters
Rental Properties, Natural Disasters and Insurance Payouts We assume your property is a rental property and used for investment purposes. Normal repairs to your rental property are tax deductions… READ MORE
One of the area the ATO often focuses it’s attention on is Rental Income and Expenses.
One of the area the ATO often focuses it’s attention on is Rental Income and Expenses. Rental Income You need to ensure you include all the income you’ve received from your rental in your ta… READ MORE
Low Value Pool
How Does Low Value Pooling Work Low Value Pooling (LVP) is just another form of depreciation available to the taxpayer. The advantages of a LVP are it allows you to accelerate your depreciation eff… READ MORE
Prime Cost Vs Diminishing Value
The question needs to asked is the Prime Cost method of Depreciation relevant anymore? Do circumstances still exist that that you would choose the Prime Cost method of depreciation over Diminishing Va… READ MORE