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Taxation

How to maximise depreciation

By BRADLEY BEER “Why can’t I just do it myself or ask my accountant to claim the depreciation deductions for me?” This is a question often asked by investors when they call to discuss the potential deductions available due to the wear and tear of the building structure and the plant and equipment assets found within their investment property. What ...

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Pre-CGT property and you

Recently I read some very bad advice about a property purchased before September 20, 1985, and I feel the need to set the record straight because it’s really not that complicated.

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Get yourself tax ready

With the Australian Taxation Office (ATO) revealing it will speak to more than 350,000 taxpayers this year in a bid to crack down on dubious tax returns, it’s now more important than ever to understand exactly what can and can’t be claimed.

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Land tax – the good, the bad and the ugly

When you buy your first (or even second) investment property, land tax is likely the last thing on your mind. Even less likely if you’re buying a new family home and have decided to keep the old one and rent it out. With land tax rates skyrocketing in some states over recent years, this can be a nasty surprise.

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6 depreciation and CGT facts

One question that investors often ask about claiming depreciation on a rental property is ‘how will these claims affect capital gains tax (CGT) when the property is sold?’

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Partial year deductions

Investors who have only recently purchased an investment property leading up to the end of financial year often postpone organising a depreciation schedule until the following year.

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