Posts Tagged ‘tax deductions’

Depreciation and off-the-plan properties

Investors who are looking to purchase a new property often look at buying off-the plan.

Buying off-the-plan essentially means you are entering into a contract to purchase a property prior to, or during the construction phase of a property or a development.

One big benefit of purchasing off-the-plan that investors often fail to consider is the property depreciation benefits available.

There are significant depreciation deductions available to the owner of a property purchased … 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 »

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 »

Expenses You can Claim as a Landlord

With the tightening of the property market and increase in the cost of living it has never been more important to take full advantage of any eligible tax deductions available.

When it comes to property investors, it pays to have all your deductions accounted for.

 

We are sure you have a qualified accountant who takes care of this for you but … Read more »