MCG QUANTITY SURVEYORS BLOG
Tax depreciation effective lives 2018/2019 – TR 2018/4
From the 1st of July 2018, new effective life rulings have been in affect that govern how plant and equipment assets are depreciated. The new ruling is TR 2018/4 and replaces TR 2017/2
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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
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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
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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
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