Posts Tagged ‘tax depreciation’
Is Easter the best time to purchase an investment property?
Is Easter the best time to purchase an investment property? Easter is a time of new beginnings, and for savvy investors, it can also be the perfect time to purchase an investment property. While the housing market can be unpredictable, there are several reasons why Easter can be a great time to buy an…
Read MoreFive essential investment resolutions for 2023
It’s that time of year when we do a personal shakedown of all our faults and failings. A period where we make promises to ourselves to become the best darn fixer-upper we can be. There are entire industries built around this concept of evolution and improvement. Diet programs, meal delivery plans and new gym membership…
Read MoreIs the Lucky Country Losing It’s Mojo?
Four Corners’ episode last week “No place to call home – the new face of homelessness in Australia” made for sombre viewing. It followed the stories of hard-working young Australians, primarily single mothers, as they desperately try to find even the most basic accommodation for their families in regional towns. They talk of applying for…
Read MoreFive Ways to Profit From Eco-Upgrading Your Investment Property
As the rain beats down on this Queen’s memorial public holiday, it seems a sign of things to come as we head into summer, bracing for yet another season impacted by La Nina, our third in as many years. Spare a thought for all those that flooded in 2020 and 2021. Some of them are…
Read MoreIt’s never too late to claim depreciation. Well, except when it is
The other day I saw someone in an interview say “It’s never too late to claim depreciation.” Now in fairness, perhaps in the following sentence, they added some caveats but even though I tuned out and got back to work, I don’t think that’s a prudent way to start a discussion about deductions, whether you’re…
Read MorePercentage of property investors with an ‘in-depth audit’ from the ATO
What percentage of property investors had an ‘in-depth audit’ from the ATO in 2019? Last year the ATO announced that they doubled the number of in-depth audits to 4,500, due to an error rate of just under 90% on a sample of investor tax returns. Speaking at the Tax Institute’s National Convention in Hobart, ATO…
Read MoreDepreciation and the Instant Asset Write-off – Economic Stimulus Package 2020
Here’s what you need to know about the changes to depreciation allowances and the instant asset write-off changes as part of the Governments $17.6 billion coronavirus economic stimulus plan. What has changed? The instant asset write-off – The turnover cap and the asset value threshold have increased The Government has committed $700 million to increase…
Read MoreScrapping schedules – They were great, but here’s why they’re a thing of the past
You’ll have to excuse us Quantity Surveyors as we get very excited about certain dates. The May 2017 budget (9th of May) heralded the largest change to depreciation rules since 2006, it certainly ruined what would have been a perfectly good glass of Shiraz as I sat watching Scott Morrison at home. For anyone lucky…
Read MoreAre depreciation legislation changes affecting property investor behaviour?
Yes, yes they are. Or at least, it seems that way. Now I’m tempted to just leave it there for my own amusement, but anyone that knows me will know I won’t be able to help myself in sharing the data I’ve crunched. Let me give you some background; On the 9th of May 2017…
Read MoreBuilding approvals point to a potential future housing shortage
It doesn’t seem that long ago we were talking about an oversupply of apartments across Sydney, South Melbourne, and Brisbane. However, a lot has changed in the past few years. The ABS October figures on building approvals show a seasonally adjusted estimate for total dwelling units falling by 8.1% in October. The graph below from…
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