Business
Property in Scotland – Is it the next hot spot for you as an investor?
Pardon the tongue-in-cheek title, but the whole hotspot thing can be a little tiresome. We are much more in favour of long term fundamentals than volatile pockets and mining towns. What do we here at MCG know about the Scottish property market? Absolutely nothing! However, when one of our clients asked us to complete a…
Read MoreOverseas Investment Properties & Depreciation
Whilst it’s certainly not the sort of reports we target, a number of our clients own investment properties overseas. If you’re claiming the rental income in Australia, then you’re entitled to minimise your tax via having a depreciation schedule completed. To date we’ve completed many reports for overseas investors in places like the United States,…
Read MoreUnit Renovation Case Study
Our latest case study is a cracker. It showcases what can be done within a small space and smashes a commonly held myth that a property built before 1987 will never have any depreciation deductions. The unit was in Mona Vale, in Sydney’s beautiful northern beaches. It is a two bedroom, one-bathroom unit in a…
Read MoreBudget 16 Property & Tax Changes
Negative gearing has thankfully been ruled out as an area the coalition will be attacking to provide budget savings. Any policy which creates a disincentive to self-fund your retirement is a ludicrous one in our view. Not to mention the net tax result of a diminishing property market. So what has changed in the…
Read MoreThe questions we’re asked on a daily basis
Navigating the world of property depreciation can be a daunting task for property investors. Our aim is to simplify the process, eliminate the B.S. and arm investors with the knowledge they need to get the most out of their property. With that in mind, we thought it would be a good time to answer some…
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