Property
Partial Year Property Depreciation
July 5, 2022 | Property Even if you have not owned your rental property for a full financial year, you could be missing out on valuable depreciation deductions if you do not hold a tax depreciation schedule. The Australian Taxation Office (ATO) allows property investors, which lease out income-producing properties, to claim this depreciation as…
All you need to know about using a family trust for purchasing a property.
May 10, 2022 | Property What is a Family Trust? A trust is a legally recognised relationship that exists between the trustee and the trust beneficiaries. In simple words, the trustee holds assets in trust to the benefit of the beneficiaries. In contrast to individuals and companies who can be liable in law, a trust is not an…
Depreciation Schedule for Property Investors
May 9, 2022 | Property 30 June is fast approaching. As property investors, organising a tax depreciation schedule will increase your deductions and potentially yield a higher refund on your tax return. What is depreciation? Depreciation is the natural wear and tear of a building and the assets within it over time. The ATO allows…
Maximising investment property cash flow from spring clean and maintenance costs
November 10, 2021 | Property Now spring is here, many property owners might be considering a freshen-up of their home or investment properties. As a property investor, you may have the added benefit of claiming your spring maintenance and cleaning costs as immediate tax deductions. But how does this work and what do you need…
How to immediately claim tax deductions for your investment property
June 30, 2021 | Property Depreciation is a gradual decline of property and assets over time. It’s usually thought of as a high-value, slow-burn deduction as it can take up to forty years for an entire property to depreciate. For most property and assets, they have to be depreciated over 40 years, however, at the…
6 things to do before renting out your home
June 8, 2021 | Property Are you thinking about moving to a new house but want to hold onto your current property? Turning it into an investment for the short or long-term can be a good option while increasing your cash flow. But before you do, here are six things you need to do before…
How to substantially reduce your tax with commercial property
May 27, 2021 | Property What is a commercial property? A commercial investment property is a property that people run a business from. It is income generating for the owner, by the way of rents from commercial tenants. A few examples of commercial properties are shop-fronts, warehouses, hospitality venues, hairdressers/barbers, industrial properties, child and aged…
FAQs on depreciation for property investors
April 12, 2021 | Property Most owners of an investment property are aware of claimable expenses such as council rates, property management fees, interest on loan etc. Depreciation is an expense often not considered even though it can be a large deduction that can make a big difference to your cash flow. Below are the…
4 simple tips to save tax with your investment property
April 8, 2021 | Property Over the past 30 years, property investment in Australia has dramatically increased. Due to interest rates being at an all-time low, people have been taking advantage of these and buying property left right and centre. Whilst this is a good way to make use of spare cash, it is so…
A simple explanation of common property depreciation
February 3, 2021 | Property Property rental rates and values are subject to constant change, and this is particularly evident for units, townhouses and other types of strata complexes. A constant amongst this sea of change is the tax deductions that rental properties provide to their investor owners. An additional benefit of investment properties is…
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