What is a tax depreciation schedule and how can it change your tax return?

Tax Depreciation Schedule

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 a report detailing the depreciation entitlements available to you within your investment property. The depreciation entitlements can be broken into two simple…

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Investors are losing to depreciation changes to plant and equipment

Budget Changes

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 some ways, it’s good news for investors (and quantity surveyors especially) that the impact wasn’t worse. Certainly, abolishing negative gearing would be…

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Critical misinformation around property depreciation changes

Depreciation Changes

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 changes. I’ve been modelling the impacts of the recent depreciation changes by analysing the reports in our system as well as looking…

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Analysis of the Budget Changes to Tax Depreciation on Plant and Equipment

Analysis of Changes

UPDATED 11/5/2017 If you’re not already aware, last night’s budget announced some major changes to tax depreciation that will have a huge impact on quantity surveyors preparing depreciation schedules and residential property investors. I’ve been fielding calls and emails from accountants, investors and quantity surveying firm directors through the evening. There are two main ‘buckets’…

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