MCG QUANTITY SURVEYORS BLOG
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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How much investors are losing to depreciation changes to plant and equipment
We recently analysed 1,000 residential depreciation schedules and found that 82% of them would still benefit from having a depreciation schedule completed, given the impact of depreciation changes to plant and equipment. In
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Critical misinformation around property depreciation changes
, in Budget2017, Information, Investment Property, Landlords, Media, News, Property Investing, Tax Depreciation, Tax Legislation The senate has passed the depreciation changes (as of writing it is awaiting royal assent), but unfortunately a number of large quantity surveying firms have been reporting incorrect or incomplete analysis of the
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