MCG QUANTITY SURVEYORS BLOG
Depreciable asset or repairs and maintenance? – How to make the call
, in Information, Investment Property, Landlords, Property Investing, renovation, Tax Depreciation, Tax Legislation Owning an investment property will invariably result in having to spend some money on it. The good news is that the tax man (perhaps we need a gender-neutral term but technically the tax
Read More »
State of the Property Market
, in Construction, Developments, Economics, House Prices, inflation, Information, Interest Rates, Investment Property, Landlords, Media, News, Property Economics, Property Investing The January CoreLogic figures have shown that capital city dwelling values have posted their first quarterly fall since April 2016. The peak of the market was called as far back as 2016, but
Read More »
How common property assets can supercharge your upfront deductions
, in Commercial Property, Common Area, Developments, Information, Investment Property, Landlords, Media, News, Property Investing, Tax Depreciation, Tax Legislation Most investors would be aware that if you own a unit within a complex, you’ll have an entitlement to claim over the common property assets based on your share of ownership. This percentage
Read More »
What is a tax depreciation schedule and how can it change your tax return?
, in Commercial Property, Information, Investment Property, Landlords, Media, News, Property Investing, Tax Depreciation, Tax Legislation Albert Einstein said if you can’t explain something simply, then you don’t understand it well enough. So, it’s time to test my understanding of tax depreciation schedules! A tax depreciation schedule is simply
Read More »