Posts Tagged ‘tax depreciation’

Common Property Depreciation [Explained]

This article is from our trusted tax depreciation specialists, BMT Tax Depreciation Quantity Surveyors
Shared assets in strata title lucrative for investors
A strata title is used when individuals own part of a property usually called a ‘lot’. This is generally an apartment, unit or townhouse complex which shares ownership of common property including driveways, foyers and gardens.

The ownerships are combined through a legal entity called the owner’s corporation, … Read more »

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 »

Top 10 tips for tax time      

Preparing your annual tax return is a great opportunity to take stock of how your investment property is performing and to make sure you’re claiming everything you’re entitled to.

We thought we would share our top ten tips to help you get the most from your investment property this tax time.

Claim depreciation to maximise returns
Any investment property that generates income may be eligible for thousands of dollars in depreciation deductions. … 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 »

5 Property Depreciation Tips

Depreciation is the key to increasing cash flow on a residential property. Here are five tips about depreciation to assist investment property owners.

1. No property is too old
An investment property does not need to be new. Both new and old properties attract depreciation deductions. One common myth is that older properties will attract no claim. It’s worth making an enquiry about any property.

2. Claim renovations completed by previous owners
Any improvements … Read more »