Stamp duty is one of the largest expenses involved in purchasing an investment property, so it’s unsurprising that many investors ask if it’s tax deductible. Stamp duty is a form of tax that state and territory governments charge …
ReadMaximise the depreciation benefits of an investment property While many property investors consider location, purchase price and vacancy rates when contemplating an investment property, depreciation is often overlooked. Depreciation can help unlock the cash flow potential within an …
ReadMaximise your returns with these 10 steps on how to reduce tax on your investment property. 1. Know what you can claim Many of the expenses involved in owning an investment property are tax-deductible. Property investors can typically …
ReadMore and more Australian investors are choosing to renovate their investment properties before leasing them out. However, investors who live in the property while renovating risk missing out on thousands of dollars in property depreciation deductions. Property depreciation …
ReadOne of the most common mistakes made by property investors when completing their annual tax return is confusing repairs, maintenance, and improvements. It’s important to understand and distinguish each deduction in order to correctly lodge your claim and …
ReadUnderstanding tax depreciation lingo can sometimes be confusing but as an investor, it’s important that you have a good understanding of the depreciation deductions you can claim to ensure you’re getting the most out of your investment property. …
ReadIf you haven’t owned your investment property for a full year you can still claim depreciation deductions this tax time. Investors can claim pro-rata depreciation deductions for the period their property is rented out or is genuinely available …
ReadAs the owner of a residential investment property, claiming maximum depreciation deductions can make a big difference to your cash flow. Property depreciation is generally the second biggest tax deduction after interest, though it’s often missed by investors. …
ReadBMT’s top tax time tips for property investors With tax time fast approaching, here are five tax time tips to ensure you maximise the deductions for your investment property. Understand what deductions you’re entitled to As a property …
ReadWhat will 2019 hold for the property market? We look at some of the biggest trends in property investment that we’re likely to see in the year ahead. Investors seeking regional areas over metropolitan As property price growth …
ReadInvestors who are looking to purchase a new property often look at buying off-the plan. Buying off-the-plan essentially means you are entering into a contract to purchase a property prior to, or during the construction phase of a …
ReadMost first-time property investors soon discover that they need a tax depreciation schedule and require a Quantity Surveyor to supply one. But what is a Quantity Surveyor and how do we come up with your depreciation deductions? Usually, …
ReadDoes the idea of buying commercial property instead of renting your current business premises appeal to you? Or are you undecided whether to purchase a commercial investment over a residential property for your portfolio? It can be hard …
ReadIt’s that time of year when families gather around the dining table to dig into a Christmas roast, peel some fresh prawns to dip in some thousand island dressing or indulge in a sizzling barbeque in the backyard. …
ReadMany of Australia’s property investors are still missing out on thousands of dollars in tax deductions each year by failing to maximise or claim depreciation for their rental investments. While depreciation legislation changes introduced last year have impacted some property …
ReadMany of Australia’s 2.1 million property investors are still missing out on thousands of dollars in tax deductions each year by failing to maximise or claim depreciation for their rental investments. While changes to depreciation legislation introduced almost …
ReadFrequently asked depreciation questions What is depreciation? As a building gets older and items within it wear out, they depreciate in value. The Australian Taxation Office (ATO) allows property investors to claim a deduction relating to the building …
ReadDeductions for repairs, maintenance and improvements are areas the Australian Taxation Office pay particular attention to on annual tax returns. For this reason, it is important that investors understand the difference. Repairs are considered work completed to fix …
ReadDepreciation is a complex area, so unless you’re a specialist Quantity Surveyor or a qualified Tax Accountant, it can be hard to wrap your head around it. As such, investors miss deductions all the time, meaning they could …
ReadWhen an investor starts claiming depreciation, they can reduce their tax liability. This is because depreciation essentially lowers their taxable income, meaning they may be able to put more money back in their pocket at tax time. For …
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