Tax Depreciation For advice on Tax Depreciation benefits in relation to your investment property contact the Specialist's with the greatest experience at www.abbcon.com.au At Abbcon we are of the opinion that stamp duty changes and foreign investment lending rules are mostly responsible for changes in the property market, which show an increased proportion of first [...]
Splitting Tax Depreciation amongst multiple owners can improve your bottom line One of the lesser known benefits of being a joint owner of an investment property is that the depreciation claims can be higher overall when split between two or more owners. Splitting a Tax Depreciation Schedule between joint investment property owners will optimise deductions [...]
Residential tax Depreciation Slashed by Federal Government Legislation 2017 The federal government changes to the depreciation of plant which were proposed in the May budget were passed by the senate on 15th November 2017. A number of property investors have contacted Abbcon Associates as experts in preparation of Tax Depreciation Schedules, to [...]
What does it mean and what is the difference? To put it simply, the Prime Cost method gives you equal deductions each year for the effective life of the article. Whereas the Diminishing Value method gives higher deductions in the earlier years. The majority of investors choose the Diminishing Values method. The significantly higher deductions [...]
Tax Depreciation for Older Properties Tax Depreciation Schedules for Older Properties A common misconception is that there is little or no depreciation that can be claimed on older properties. In fact depreciation on plant and equipment can be claimed regardless of the age of the property. Tax Depreciation on Plant & Equipment [...]
"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 [...]
