The value of your property does go down every year. While that is something you might not be particularly chuffed about, you can rejoice in the fact that claiming depreciation on property is the perfect opportunity to recover your losses. This can be done is by setting off those depreciated amounts from the property tax you are […]
No one loves paying their taxes. That’s why you shouldn’t let go of an opportunity to legally reduce your tax. The guidelines regarding property tax depreciation allow you to do exactly that. If you go through the provisions of ATO property depreciation you will understand exactly how you can reduce your tax burden, but in […]
It’s everyone’s dream to own their very own property. It not only makes you feel good, but it brings rental or investment income too. But like everything, the value of a property decreases over time. This has nothing to do with the market value or the cost of raw materials. It is an economic principle […]
Most investors are aware that their property’s value will only decrease over time. But many investors are not aware of the benefits of this depreciation on investment property. Depreciation can help an investor claim tax benefits. The loss due to depreciation would be partly offset by the tax allowances claimed. A typical rental or investment […]
Real estate is a great investment avenue. But property investors have to deal with depreciation. Every year the value of their property reduces. This is called depreciation. The rate of depreciation that each component of your property is eligible for is different. It depends on the ATO (Australian Tax Office) regulations. The Australian tax depreciation […]
You might be planning to pay advance tax or it might be time for the last tax submission date. Whatever your situation, it is always useful to estimate tax returns in advance, to ensure you plan your finances carefully. Tax returns can have several aspects, depending on your profession and your source of income. So […]
Business owners living above their shops is nothing new. From Europe to Asia, the likes of butchers, leather goods workers, and produce sellers have lived in apartments above their businesses. Australia is catching on (again), and work/live/play spaces are once again on the rise. Why so slow on the uptake? Zoning is the major […]
As an investor, you want to be up-to-date with market trends and find ways to bring in tenants to your commercial properties. If they’ve sat bare for a couple of years, and looking dates, then it’s time to get renovating. We have a couple of hacks so you can focus on the right areas, where […]
Mistakes are part of life, but you’ll be kicking yourself if they lose you money. Make sure you avoid the ones below. Rent at mates rates It’s natural to want to help your mates out; it’s what friends do. But there are some situations where mates rates should not apply, and that includes property. […]
Over recent years, the ATO has paid growing attention to tax returns submitted by tax payers relating to investment properties. It is therefore highly likely that the Australian Taxation Office will pay particular attention to tax depreciation reports for investment properties when property investors submit their tax return from 1 July. In particular, they may […]
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!