Entries by admin

Holiday Home Depreciation New Laws

The most basic way to understand a house depreciation report is by stating a question followed by an example. Is it possible to claim depreciation on equipment and plant on a home which is just used for holidays? Or, can I use it only once or twice throughout the entire year? It is considered to […]

How to Claim Depreciation on Investment Property: Factors to Consider

If you are a property investor, tax time could be little confusing to you. If you are looking for the right advice to understand how to Claim Depreciation on Investment Property to reduce your tax liability reasonably, here are some tips to help you: 1. Figure Out What You Claim: A variety of expense-related deductions […]

How to Maximise Depreciation for Investment Property

One can consider depreciation of a property as a simple deduction on the actual worth owing to the ageing and wear and tear of the property that one owns. It can be termed as the deduction that results out of overtime assets. When it comes to investment, even the most experienced investor tends to overlook […]

Tax Deductions You Didn’t Know You Could Claim From the ATO

It is said that death and taxes are inevitable. One never knows when, where, or how death can strike. But you do know that taxes come back to haunt you at least once every year. One thing that you mustn’t do is evade taxes. But what if you could reduce the tax liability without breaking […]

How Depreciation Works for a New Investment Property

The value of everything diminishes over time. This holds true for everything you buy or own. So if you buy a television, then its value will diminish by a certain amount or percentage every year. This is called depreciation. The extent of depreciation depends on the expected life of the television. So if you bought […]

Easy Ways to Increase Your Property Value before Selling

Much like the anticipated returns from a company’s stock and income yielded from bonds, you may also anticipate investment returns on real estate. To your surprise, there are various ways to go about increasing the property value. Now learn these ways to improve your real estate property while providing a smooth cash flow: 1. Rental […]

How a Property Report Can Help You Sell Your Home

Whether you own a car or have installed machinery in your factory, the value reduces every year. This is an economic principle that is applied. It assumes that usage and natural wear and tear will reduce its worth every year. The same holds true for real estate. Your property, whether new or existing, also attracts […]

Depreciation for Residential Rental Property

More than a year ago, the rules for calculating the rates of depreciation for residential rental property were changed. Only the additional fittings for plant and equipment that are made by the buyer after purchase would attract tax benefits due to depreciation. However, those that were there before purchase would not. Plant and machinery refer […]

Tips for Property Valuation That will Make things Easier for You

It is never easy to buy or sell a property but that shouldn’t deter you. If you want to sell your property and are going for your property valuation, you’ve got to be extremely careful as this might make or break the deal. Mentioned below are a few tips for property valuation that will definitely […]