Depreciation Calculator

Google is telling us that more and more people are searching for a ‘tax depreciation calculator’. Admittedly, this search ranked well below the top 2016 result of ‘US Election’ and even a few million short of number 6 ‘Pokemon Go’. Putting the self-deprecating Quantity Surveyor stuff to the side for a moment, searching for an…

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Property Co-Ownership

The proportion of properties jointly owned is quite high, and with greater education on tax minimisation practices, we’re seeing a lot more obscure ownership percentages like 70/30 or even 99/1. Why are people employing these types of ownership structures? It all comes down to which party can benefit the most from the deductions. Take for…

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City Dwelling

Sydney and Melbourne continue to post strong results, showing a consistent 1% growth per month in dwelling values, with the sum of regional areas relatively flat. In Sydney and Melbourne, cumulative growth in dwelling values over the cycle (June 2012 to date) now stands at 64% in Sydney and 44% in Melbourne.This result highlights the…

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International Property

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,…

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Commercial Offices

According to the Australian Tax Office, close to 600,000 self-managed super funds are now in operation. Hardly surprising given the fairly ordinary results of retail super funds, the fallout from the GFC and the relaxation of SMSF rules in Australia. Clients purchasing property within their super fund are entitled to claim depreciation deductions, and we’re…

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Budget

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…

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Dwelling Values

The CoreLogic RP Data index showed a +0.2% rise across the combined capitals, with growth for the March quarter up 1.6%. Sydney and Melbourne are pushing forward, posting 2.0% and 2.2% respectively for the March quarter. Hobart was down -1.1% for the month but still managed to end on 6.5% for the March quarter. It’s…

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FAQ

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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scrapping schedule

Authors Note: Scrapping schedules have been impacted by legislation changes and in most cases will not suit your scenario. See more information here – Scrapping Schedules – Why they’re a thing of the past. The term ‘scrapping schedule’ is thrown about a lot these days, and to be honest, it’s a term that is more…

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