Posts Tagged ‘depreciation’

Do depreciation deductions apply to you?

Owners of income producing properties are eligible to claim tax deductions for a number of expenses involved in holding a property.

Most investors are aware of some of the deductions they are entitled to; for example, they know they can claim their Property Manager’s fees, council rates and any repairs and maintenance costs. However, all too often investors are unaware of property depreciation and as such they … Read more »

Claim property depreciation this financial year

Property depreciation deductions can make a significant difference to any investment property owner’s cash flow. Despite this, of all the deductions available to be claimed by investors, depreciation is the most often missed.

Every property investor can benefit from learning more about depreciation and discovering the process involved in finding out what deductions are available to claim.

Here are some key points to be aware of:

The Australian Taxation Office (ATO) allows … Read more »

24 Property Management Secrets to Increasing your Rental Income!

Here are some concepts that may help you improve your cash flow..

Higher Rental Value
Ensure the rental value is assessed on a 6 monthly basis.
Property Depreciation Schedule
As a building gets older, items wear out – they depreciate. The ATO allows property owners to claim this depreciation as a deduction. Claiming all the depreciation property investors are entitled to on an investment property can make a big difference … Read more »

Tax Mistakes Many Landlords Are Making

Not knowing what tax concessions are available on rental properties is costing some investors millions of dollars. Here are the top five tax mistakes many are still making.

Not claiming

BMT Tax Depreciation CEO Bradley Beer said many investors simply do not claim all of the legitimate items they are allowed to depreciate.

“Items such as smoke alarms, security systems, swimming pools and even … Read more »