Depreciation

The low down on depreciation

If you have business assets which are expected to decline in value over time, such as machinery, motor vehicles, furniture, computers and phones, it’s likely that you would have claimed a depreciation expense.

Budget changes to depreciation for investment properties

The latest federal budget has seen changes to the way property investors can claim depreciation. This will potentially cost investors thousands, although it is yet to be legislated.

Claiming a kitchen renovation in your investment property

A kitchen is a substantial expense and careful planning can ensure you stay on budget. If you find your investment property is in need of a new kitchen there are a few things that you should know:

Holiday House Rules - API Article

You’ve purchased a holiday house and now you need to decide if you keep it for yourselves, or rent it out to help pay for it. There’s a lot to consider…

If you don’t like the idea of someone else using your holiday house and you won’t rent it out, there are still a few things to remember. All the holding costs for the property can be used to reduce .....

Dont forget depreciation!

As the end of the financial year is creeping up on us, we would like to remind you to get your depreciation schedules prepared so that you can claim the cost of having it prepared in your 2014 return. You will then have the report ready for when we prepare your 2014 return.  Don’t forget that ....

The benefits of a split depreciation report

When a property is owned by 2 people or more, obtaining a split depreciation report will have significant tax benefits. This will allow property investors the opportunity to split immediate write off and low value pool items based on the ownership percentage.

What does this mean for me, we hear you ask. This means ....

Depreciation of outdoor structures

Depreciation schedules are a must for Property Investors, this article from BMT examines outdoor items which can be claimed. When it comes to claiming depreciation on investment properties, many investors are .....

Depreciation schedules and the benefits!

Have you had a depreciation schedule done for your investment property? Here is a great article explaining the benefits of these "non-cash" deductions for investors...