Posts Tagged ‘tax time’

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 »

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 »