You Guide to Capital Gains & Depreciation Schedule Examples

The Australian Taxation Office (ATO) differentiates between repairs and improvements. To ensure the best results are obtained from an investment property, it is important to understand the difference between the two claim options. Definitions Deductible Repair: Returning items or property to their original state; an exercise in retaining the value of the item or property. [...]

When a tax depreciation report is prepared, your tax specialist should take into consideration any renovations carried out by previous owners. Even though you may not have carried out the work yourself, there may be depreciation deductions for you to claim. A thorough site inspection is undertaken on your property and further council searches can [...]