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When is the most tax-effective time to undertake a renovation?
You’ll find out as you watch this week’s Ask the Tax Expert video as Ken Raiss answers Lynda’s question about when is the best time to renovate the new home that she’s buying using a First Home Owner’s Grant.
You see…she plans to make her home investment in the future.
Ken explains a great way of increasing your depreciation claims using a “split depreciation” schedule.
Michael Yardney and Ken also discuss some of the depreciation changes in the budget and the importance of timing renovations to enable you to claim depreciation tax benefits.
Ken also explains the concept of the “low-value pool”.
ALSO READ: Ask the Tax Expert – How can I avoid paying Capital Gains Tax?
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