Commercial Property
5 reasons to consider investing in commercial property
Investing in commercial property can seem daunting to the uninitiated. Here are five reasons you should consider taking the plunge: Commercial properties can offer higher depreciation tax deductions than residential properties While residential property investors can claim 2.5% annually for capital works, commercial properties can attract up to 4% of historical construction costs, depending…
Read MoreCommercial property owners AND tenants can benefit from depreciation
As a commercial property owner or a commercial tenant, you can benefit by claiming tax deductions for commercial property depreciation. Whether you’re collecting or paying rent, a tax depreciation schedule should form part of your business planning. A commercial property depreciation schedule will list tax deductions you can claim for depreciation of capital works and…
Read MoreTax Depreciation Calculators – Is there merit in the estimates?
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…
Read MoreGood news for property investment co-ownership with split deductions.
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…
Read MoreCoreLogic dwelling values rise in September, RBA place doubt over previous figures
The month of September was a good one for capital city dwelling values, with all but Perth and Darwin trudging forward. Capital city values are also up 2.9% over the quarter. On these figures though, there has been a lot of coverage of the inflated CoreLogic figures for April & May. In RBA governor Glenn…
Read MoreCombined Capital City Dwelling Values up, led by Sydney & Melbourne
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…
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 MoreInvesting with Super – Commercial Offices & Depreciation
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…
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 MoreDwelling values continue to rise with momentum slowing
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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