Tax Depreciation

The other day I saw someone in an interview say “It’s never too late to claim depreciation.” Now in fairness, perhaps in the following sentence, they added some caveats but even though I tuned out and got back to work, I don’t think that’s a prudent way to start a discussion about deductions, whether you’re…

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Construction Site

A study by MCG Quantity Surveyors has revealed property owners are now securing the most competitive building and renovation environment in almost a decade. MCG Quantity Surveyors were recently featured in the Australian Financial Review on the back of their recent analysis of construction contracts prompted a survey of builders which revealed most are dramatically…

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Report

On the 30th April 2020 the release of the final report of the Public Accountability Committee, titled ‘Regulation of building standards, building quality, and building disputes’ was tabled with the Clerk of the Parliaments of NSW. The report and its recommendations are now with the government for consideration. The government is required to respond to…

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Instant Asset Write-off

Here’s what you need to know about the changes to depreciation allowances and the instant asset write-off changes as part of the Governments $17.6 billion coronavirus economic stimulus plan. What has changed? The instant asset write-off – The turnover cap and the asset value threshold have increased The Government has committed $700 million to increase…

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Building Approval

It doesn’t seem that long ago we were talking about an oversupply of apartments across Sydney, South Melbourne, and Brisbane. However, a lot has changed in the past few years. The ABS October figures on building approvals show a seasonally adjusted estimate for total dwelling units falling by 8.1% in October. The graph below from…

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