Every asset you own goes down in value over a period of time. In real terms, this is because of wear and tear due to regular usage. In accounting and financial terms, this reduction in value every year is expressed as a percentage. The concept is broadly similar across the world. But the rules, implementation, […]
When you buy or own an investment property, you are responsible for the maintenance and upkeep. But the property also becomes part of your assets, and therefore it gets linked to your tax liability, and therefore you should consider it as part of your investment property calculator. What is Depreciation? As per the principles of […]
The year 2017 saw some changes brought about in the rules governing depreciation on investment property in Australia. The attractive option for claiming tax deductions due to the depreciation of the property value saw a cutoff date being applied – 9th May 2017. People who bought a second-hand property after date could no longer claim […]
Before that time of year rolls around again, when you have to file your tax return, you need to begin preparing your documents. While the income and expenditure are fairly straightforward, most people get stuck while preparing their tax depreciation schedules. That is why most people lean on professional tax consultants for this. If you […]
A person buys additional properties with the plan to monetize the assets. This is usually done by renting these out. But many people are not aware that their property can provide monetary benefits outside the rental income too. These benefits are in the form of possible deductions in tax. This blog post will discuss the […]
Depreciation refers to the decline in value of a commodity or an asset. In terms of tax depreciation schedules, the term corresponds to a tax deduction or compensation for wear and tear caused to a piece of property. Rented houses, that constitute the property of taxpayers, have a tendency of suffering damages in the course […]
Australian tax depreciation consists of a number of aspects. It is easier said than done to fully understand the legal elements within it and therefore make an informed decision based on one’s understanding. Most home owners consider hiring a quantity surveyor to ease the workload. A quantity surveyor discharges numerous responsibilities on behalf of their […]
When you are in a situation where you are able to put money into an investment property, it’s an extremely exciting time. But if not thought out properly, such an investment could actually push you into financial stress which could lead to mental distress as well. To help you out, here is a quick list […]
Every team engaged in construction has different specialists with different skillsets. One of the most important and interesting roles is that of a quantity surveyor. This role combines the knowledge of engineering and finance. People argue whether all construction projects need a project surveyor or not. In our opinion, every project should have one. But […]
When a person buys an investment property, the intention is to generate an additional revenue stream from the rentals. But the process of looking for a good tenant and setting them up is not that easy. Then there is the issue of regular or ad hoc maintenance expenses, which eat away at the rental income. […]
DEPPRO guarantees to assess depreciation entitlements to an amount at least double its professional fees in the first full financial year.
If we don’t, we will refund all fees and provide the report for free!