You Guide to Capital Gains & Depreciation Schedule Examples

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 [...]

There is a lot of confusion regarding auctions, why it is different to a normal sale, what the terms mean, what conditions need to be met and just exactly what “vendor bidding” is versus “dummy bidding”, and why one is illegal and the other isn’t (guess which!), so here’s a quick overview of the laws [...]