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How is Depreciation Applied Following Natural Disasters?

Natural disasters are one of the leading causes of damage to properties. Situations involving such disasters often necessitate owners to substitute various assets. At times, depending on the degree of damage, they may also feel the need to rebuild their properties. Though it can be a challenging task for both owners and tenants alike to […]

Tax Considerations When Investing in Australian Properties as an Expat

Investors invest in Australian property for a number of reasons. Among the other advantages, such as the location and stable investment options, tax advantages constitute one of the primary reasons for the decision. That said, there is a different set of tax laws for Aussies who live overseas. Does it make it a less attractive […]

How Does Depreciation Add Value to Your Investment?

Every investor invests their wealth into a property to earn profitable returns and this is a story prevalent since years. However, this becomes a little tricky with older properties such as an older building. Due to wear and tear from time to time, its value diminishes over time. Wear and tear of a property is […]

How You Can Benefit from a Depreciation Schedule

Depreciation is an amount which is an acquired cost upon the asset’s original value corresponding to the service life of the asset. Over the years for which a company uses a machine, it becomes next to impossible to spend on a single asset for one long period. Therefore, it is essential to depreciate the allocation […]

Why Quantity Surveyors Are the Life of the Party

Popular with the name of “construction economist”, quantity surveyors are the best partners who help you to extract every single penny of profit from your investment property. Along with the cost-efficient planning for your investment, another important function of QS is to facilitate maximum depreciation returns for your property. Tax depreciation quantity surveyors make your […]

How Is Depreciation Applied Following Natural Disasters?

Annually, people lose millions and millions on their properties owing to unforeseen natural calamities. These unforeseen disasters hit them like a wave leaving nothing but ruins. Natural disasters especially affect realtors and property investors. These participants of the property market more often than not, find themselves in heavy debts and losses. Such stressful situations call […]

Can My Accountant Do The Tax Depreciation Report For My Rental?

Accountants are not just tax savers but you can also call them real saviors who can churn out your taxes in the right way to save your hard-earned money. But while calculating your property depreciation costs you might wonder “Can my accountant do the tax depreciation report for my rental?” Well, this can be taken […]

Repairs, Maintenance Vs Capital Improvements

Before delving too heavily into this, first, you need to understand the basic meaning of repairs and improvements. So, what can be considered as a repair and what can be considered as an improvement? Improvements can add value to your property, making it more beneficial and fruitful for you in the long run. Basically, it will […]