Four simple steps to solving the complexities of depreciation claims

[ad_1] Depreciation can be a rather complex area of tax, with specific rules, qualifying dates, depreciation rates, methods for claiming and pre-determined effective lives of assets. Claiming depreciation deductions can be a confusing task for many property investors. It’s imperative investors get a depreciation specialist to prepare their tax depreciation schedule. This will ensure maximum […]

Multiple properties need not translate into tax torture

[ad_1] Owning multiple investment properties is the ideal way to build wealth as very few people will generate enough through one property to fund the retirement they desire. One in ten Australians own an investment property but only one in 1,000 own more than four investment properties. Part of the reason for that is that […]

‘Supply shortage ignored by state budget’

[ad_1] The reforms unveiled in last month’s NSW Budget were presented as the catalyst for generational change. On the surface, the choice to pay an ongoing property tax instead of stamp duty appeared to represent a major shift. Dig only a little deeper, and it’s much ado about nothing. It took many in the industry […]

Stamp duty reform back on national agenda

[ad_1] Stamp duty, reviled by the public and real estate industry but beloved of state governments, looks set to undergo major reform in several states, if not nationally. Stamp duty on housing appears on the verge of a national overhaul, as New South Wales leads the charge towards major reform. Long the bane of the […]

Rezoning tax passes through Victorian Parliament

[ad_1] Victorian property owners will face tax bills from July next year if a government rezoning decision lifts the value of their property, after new legislation was passed by state Parliament. Victorian property owners will face tax bills from July next year if a government rezoning decision lifts the value of their property, after new […]

Rezoning tax passes through Victorian Parliament

[ad_1] Victorian property owners will face tax bills from July next year if a government rezoning decision lifts the value of their property, after new legislation was passed by state Parliament. Victorian property owners will face tax bills from July next year if a government rezoning decision lifts the value of their property, after new […]

Maximising cash flow from Spring clean and maintenance costs

[ad_1] Property investors have the added benefit of claiming their Spring maintenance and cleaning costs as immediate tax deductions. But how does this work and what do they need to be aware of to ensure any costs are claimed compliantly? Spring has sprung and many Australians are looking to freshen up their homes or investment […]

Industry unites to fight Victorian rezoning tax

[ad_1] Victoria’s state authorities has made a variety of modifications to its Windfall Gains Tax prior to it being launched to Parliament, however business teams say the transfer is the “wrong tax at the wrong time” that can have an enormous damaging influence on housing affordability. Victoria’s state authorities has made a variety of modifications […]

WA stamp duty rebate scheme slashed, but extended

[ad_1] Apartment consumers in Western Australia have been given an additional two years to entry stamp duty rebates for off-the-plan purchases, but the scheme has been minimize from 75 per cent to 50 per cent. Apartment consumers in Western Australia have been given an additional two years to entry stamp duty rebates for off-the-plan purchases, […]

Why it’s not too late to claim thousands

[ad_1] Just as a result of June 30 has been and gone, property traders don’t want to wait one other monetary 12 months to get a tax depreciation schedule – even when a schedule is ordered after the top of a monetary 12 months, depreciation can nonetheless be back-claimed. Just as a result of June […]