END OF FINANCIAL YEAR IS ALMOST UPON US!
END OF FINANCIAL YEAR IS ALMOST UPON US!
END OF FINANCIAL YEAR IS ALMOST UPON US!
"Tax Depreciation Schedule was never mentioned to me by my accountant when I purchased my rental property" is what I hear from many property investors I meet. So they ask, “What is a Tax Depreciation Schedule?” What is a Tax Depreciation Schedule? To put it simply, it is an assessment of the decline in value [...]
INTRODUCTION TO INVESTMENT PROPERTY TAX DEPRECIATION
(05/05/2015) Today's decision by the Reserve Bank to cut interest rates by 25 basis points brings rates to an all time record low of just 2.0 per cent. This is great news if your in the market for an investment property or looking to reduce your existing debt. As Melbourne property sales [...]
The Reserve Bank has cut interest rates to an all time low at 2.0%
Need a comprehensive Tax Depreciation Schedule for your investment property before that meeting with your accountant.
PROPERTY DEPRECIATION CLAIMS ON OLDER PROPERTIES:
Renovation of existing buildings and disposing of depreciable assets also known as ‘scrapping’: Scrapping is the removal and disposal of any depreciable assets from an investment property. It can be defined as the demolition of any existing structure or fixture onsite that would have been eligible for claiming depreciation deductions. Scrapping of existing structures, […]
It's time to get your Tax Returns in and for those with Investment properties it's time to ensure you claim the...
Reserve Bank flags period of interest rate stability at 2.5 per cent (04/02/2014) The Reserve Bank has left interest rates on hold, and says that is where they are likely to stay for some time. The official cash rate target has now been steady at 2.5 per cent for the past six months, after the [...]