Property Tax Depreciation Blog
Pick your favourite property expert and check out their advice regarding the benefits of claiming depreciation on their investment properties. Whether your a Margaret Lomas or Michael Yardney fan from way back, or you prefer Cam McLellan, or Jane Slack-Smith, whether you’re a cash-flow positive
If you’ve replaced or added assets to your investment property, it’s important to upgrade your tax depreciation schedule
Did you know you can claim tax depreciation on any property you operate as an Airbnb? Opening up a home as an Airbnb is becoming an increasingly popular way to earn extra income because it enables property owners to financially leverage assets they already own.
If you moved out of your home this year and continue to hold it as a rental, it’s no longer your Principal Place of Residence (PPOR) and you are eligible to start claiming all the deductions an investment property entitles you to. That means it’s a smart move to have a tax depreciation schedule completed on the property to ensure you
Accountants are not qualified to estimate construction costs, which includes more than just materials & construction labour. For example, accountants are not qualified to estimate construction works & associated costs of previous works over the life of the property.
Every day at Capital Claims Tax Depreciation we produce depreciation schedules for properties that are 20, 30, 40, 50 or even 100 years old, and still offer great value in depreciation deductions for their owners.
When it comes to reporting Capital Allowances and Depreciation on Traveller Accommodation there are some great benefits that are unique to this property type. Find out below how our recent client was able to claim over $190,000 for the first 12 months and over $800,000 over 10 years.
Many investors don’t realise they can claim depreciation 0f renovations completed by previous owners. When you purchase an investment property that is not brand new, any improvements or additions completed on the property, prior to your purchase will be considered for depreciation purposes.
Just because an investment property is negatively geared, it does not mean it cannot produce a positive cash flow. The terminology around investing in property can be confusing, especially when it comes to ‘gearing’. People will always have
In NSW on July 1 there was a significant change to the Stamp Duty rules relating to the transfer or sale of “Business Assets”. or this particular ruling a business asset is not a physical asset such as machinery, a vehicle or a business tool. The less tangible “Business Assets” to which this ruling
What many investors may not have considered when they are renovating their investment property is the value of the items they are throwing or giving away. You may be thinking that the old bath tub, or kitchen cupboards, or carpet and blinds are so old that there is no value left in
Too often investors miss out on valuable deductions because they don’t believe a depreciation schedule will be worthwhile for their property. Don’t waste time assessing the feasibility of a depreciation schedule for an investment property – leave it to an expert.
Understanding the history of a