You Guide to Capital Gains & Depreciation Schedule Examples

digg_url = ‘http://theyounginvestor.com.au/2009/12/07/best-equity-home-loans/’;
digg_title = ‘Best Equity Home Loans’;
digg_bodytext = ‘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 [...]

digg_url = ‘http://theyounginvestor.com.au/2009/11/12/q-how-does-the-low-value-pool-affect-items-that-are-part-of-a-set/’;
digg_title = ‘Q: How does the low-value pool affect items that are part of a set?’;
digg_bodytext = ‘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 [...]

digg_url = ‘http://theyounginvestor.com.au/2009/11/10/what-is-low-value-pooling/’;
digg_title = ‘What is Low Value Pooling?’;
digg_bodytext = ‘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 [...]

digg_url = ‘http://theyounginvestor.com.au/2009/01/30/example-of-depreciation-calculation/’;
digg_title = ‘Example of Depreciation Calculation’;
digg_bodytext = ‘
Capital gain on depreciating asset
Larry purchased a truck in August 2006 for $10,000 and sold it in June 2008 for $8,000.
He used the truck 10% of the time for private purposes.
The decline in value of the truck under the UCA system up to the date [...]

digg_url = ‘http://theyounginvestor.com.au/2009/01/26/capital-gains-losses-and-depreciation/’;
digg_title = ‘Capital gains, losses and depreciation’;
digg_bodytext = ‘
Capital gains or capital losses only arise from the disposal (ie. sale) of a depreciating asset.
A gain or loss will only arise to the extent that you have used the asset for a non-taxable purpose (eg. Private purposes).
Capital gains and losses can be calculated [...]

digg_url = ‘http://theyounginvestor.com.au/2008/04/28/are-you-maximising-tax-depreciation-and-capital-allowance/’;
digg_title = ‘Are You Maximising Tax Depreciation and Capital Allowance?’;
digg_bodytext = ‘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 [...]

digg_url = ‘http://theyounginvestor.com.au/2008/04/27/tax-depreciation-an-investor-profile/’;
digg_title = ‘Tax Depreciation: An Investor Profile’;
digg_bodytext = ‘The depreciation benefit to every investor will vary. The following example has been provided as an approximate guide, using the diminishing value of depreciation.
Property:
A two bedroom unit purchased for $400,000
Income:
Rented for $385 per week
Total income of approximately $20,000 per year
Expenses:
Interest, rates and management expenses $32,000 [...]

digg_url = ‘http://theyounginvestor.com.au/2008/04/26/top-ten-tax-depreciation-tips/’;
digg_title = ‘Top Ten Tax Depreciation Tips’;
digg_bodytext = ‘1. If my property was built before 1985, is it too old?
No. It is worth noting that:
? Your investment property does not have to be new: Both new and old properties will attract some depreciation deductions. A common myth is that older properties will attract [...]