You Guide to Capital Gains & Depreciation Schedule Examples

What are The Best Equity Home Loans? An equity home loan is a mortgage that is taken over the remaining equity in your home. Equity is the amount of the property that you own, which isn’t owing to the bank. It is essentially the e between your existing mortgage and the value of your home [...]

All types of income producing properties have substantial taxation benefits available to be claimed as a tax credit. Many property investors are missing out on thousands of dollars in tax depreciation deductions. Both new and old properties will attract some depreciation benefit that the owner is able to claim as a tax credit. A common [...]

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. [...]

Buying your first property is a big deal. Buying your first investment property is even harder. You have to get all the right information and advice before you take the plunge. Arm yourself with as much knowledge as you can and you will buy a good property that will go up in value over time [...]

Effective real estate investment tips, when followed properly, can help turn the investment roller coaster into something a lot more predictable, especially in this challenging real estate environment. Though the current market is judged to be somewhat down, it is always the case that it will eventually rebound. Be prepared when it does to move in.

Are you maximising your common property benefits? Common property refers to the areas within an apartment complex or development that are shared between owners. In general, common areas are designated areas of a building or land that are available for use by all occupants, tenants or owners. More complicated common areas exist whereby access to [...]

A: The low-value pool is an effective rule allowing an increased depreciation deduction available to most investment property owners. Any asset in a rental property which costs less than $1000 can be included in the low-value pool and written off at an accelerated rate of 18.75% in the first year of ownership and 37.5% each [...]

Q: What is low-value pooling? A: Low-value pooling is a way of depreciating plant items which cost less than $1000 or have an un-deducted cost of less than $1000. The following types of depreciable assets can be allocated to a low-value pool: Low-cost assets – A low-cost asset is a depreciable asset that has an [...]

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 [...]

Effective lives – Explained The ‘effective life’ of an asset is used by a Quantity Surveyor to work out an asset’s decline in value. The Australian Taxation Office (ATO) describes an effective life as ‘the period of time that a depreciating asset can be used by any entity to produce assessable income: assuming it will [...]