Posts Tagged ‘tax deductions’
Phase A Depreciation Estimates – For the savvy investor and shrewd agent
Proactive property developers and sales agents are using Phase A Depreciation Estimates, or ‘Phase A’s’, to help market developments to investors. What is a Phase A? A Phase A Depreciation Estimate is a report which shows the potential depreciation deductions available to a property investor, based on a specific property or development. Phase A’s are…
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 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 MoreDisplay homes as property investments – The pros and cons
A display home can be a very attractive option when it comes to property investment. They’re normally built to a high standard, impeccably maintained and have guaranteed rent for a set period. Coupled with this there’s often a high yield and always fantastic tax depreciation deductions. Purchasing a display home is a little different from…
Read MoreAccommodation & Food Services – Asset Lists & Tax Depreciation Deductions
When it comes to plant and equipment assets, few industries have more individual asset types than accommodation and food services. In a residential property, these include bathroom accessories, blinds, carpets, cook-tops, hot water systems, ovens and more. However, in general you’re unlikely to find much more than around 20 plant and equipment assets in any…
Read MoreATO Tax Depreciation Methods – Diminishing Value and Prime Cost
The ATO allows two very different methods of calculating property tax depreciation deductions, the Diminishing Value Method and the Prime Cost Method. Most investors choose the Diminishing Value Method as it will return the greatest amount of deductions over the first few years of ownership. However it’s worth discussing with your accountant, as maximising your…
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