Landlords
MCG featured in Australian Property Investor – Replacement Cost Estimates
We’ve been featured in Australian Property Investors Mini Mag for November in Page 13. The article covers replacement cost estimates for home insurance purposes. You can view the Magazine online here: http://www.calameo.com/read/000511761e414c8d8a38b?authid=63mjEuhY4EhZ
Read MoreReplacement Cost Estimates for Insurance – Premium vs Peace of Mind
Home insurance is a balance between minimising the cost of the insurance premiums paid, and maximising the peace of mind that comes with knowing you’re adequately insured. Too often home owners focus only on the premium and are not even sure how a replacement cost estimate is calculated. A little knowledge goes a long way…
Read MoreTax Depreciation Schedule Inspections – When is an inspection required?
In most instances a Quantity Surveyor will conduct a property inspection when preparing a tax depreciation schedule. Sometimes this is not required, for example – if a property has been built by the owner or the Quantity Surveyor has previously inspected a unit within the same complex. A good Quantity Surveyor knows when an inspection…
Read MoreNew effective life legislation from the ATO – TR 2012/2 in effect from 1 July 2012
On the 27th of June 2012, the ATO withdrew the taxation ruling TR 2011/2. This outlined the effective life of all qualifying plant and equipment depreciating assets. The new and excitingly named TR 2012/2 ruling is in effect from the 1st of July 2012 and includes some changes to existing depreciating assets and the addition of some new…
Read MoreMCG director Mike Mortlock on Property Observer
We’re pleased to be featured on property observer again, with our article on why depreciation deductions are higher in units rather than houses. You can read the full article here – http://www.propertyobserver.com.au/financing/tax-and-legal/16821-more-depreciation-deductions-available-for-units-than-houses-mike-mortlock.html
Read MoreMCG Featured in Australian Property Investor Magazine
We’re pleased to report MCG Director Mike Mortlock is featured in the May edition of the Australian Property Investor Magazine. Check out pages 16-18 of the magazine for Mike’s tips on managing the repairs, replacement cost insurance and tax depreciation components of owning an investment property – The 10 biggest mistakes made by landlords.
Read MoreThe Biggest Mistakes Landlords Make
1. Not treating the investment property like a business If your investment property is occupied by a family member you’re helping out, then your investment goals might be a little different. However, for most investors they’re in the business of owning a property to make money. There are often times when investors make decisions based…
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