Investors commonly learn about the benefits of tax depreciation after their property has been income-producing for some time. Unfortunately, this is often due to either
Many homes, particularly those that are older, have undergone some capital improvements and additions over time. Investors may be wondering how they can claim tax
Whilst the ATO prescribes standard rates for effective lives of construction and plant and equipment items, the varied methodologies used by depreciation service providers can
Claiming tax deductions for depreciation of holiday rentals is often missed by the property owners Depreciation of holiday rentals is a commonly missed tax deduction
The Australian Government announced the Budget 2022-23 in March. They have labelled it as ‘The next stage in leading Australia’s strong economy into the future.’
Investors often confuse repairs, maintenance and capital improvements. They are all legitimate tax deductions, but repairs and maintenance are treated differently to capital improvements when recording