Hi Jack, Generally speaking, I would recommend speaking to an accountant regarding the 6-year-rule as it would ultimately depend on your...
Hi Pete, I believe it is definitely worthwhile preparing a tax depreciation schedule for a 20 year old property even without any recent...
Hi, In the event you purchase an investment property, it may be worthwhile keeping in mind a depreciation schedule. These reports prepared by...
Hi David, Apart from having a look at the rent, the strata fees etc. You can also factor in the depreciation aspect of the properties, which will...
Those are the big guys in the market, for our clients we use SGUA.
Hi RenegadeDom, not an easy one. Most insurers will want you to insure under two policies. Some insurers understand this situation and allow you...
Great to hear that your concern has already been sorted out and that we were able to provide clarifications. Looking forward to assisting you...
Hi Dapa, From my understanding, the capital gains tax is calculated when it first becomes an investment property to the date it stops being an...
Hi Lisa_Lu, I hope this message finds you well. I wanted to reach out to provide guidance to alleviate any uncertainties you may have around Duo...
Ideally, it should be when you take the possession or on the settlement date. However, if you may sign the contract unconditionally where it...
Hi Sparky, While I can't provide any information regarding redraw and refinance, regarding question 5, the ATO states repairs as works that...
Hi Clintos, Depending on what type of flooring, if you were to get the entire flooring replaced and it was installed brand new for your tenant,...
Do you have a strata manager for this property? If so, I suggest you talk to them about it. the common driveway should be insured under the strata...
Hi, As you are looking to sell the property 1 in the near future, you may be liable to pay capital gains tax as you generated income on the...
Hi there, different insurers have different criteria for what is considered vacant. For example, some insurers, consider properties that have...
Hi, I would recommend speaking to an accountant who will be able to confirm your eligibility for PPOR CGT exemption. You would need to check with...
Hey there, we are insurance brokers and we can help you with this. It is a difficult area with only a few insurers willing or able to understand...
Hi, Depending on the age of the building there may still be vast benefits to a deprecation schedule for a commercial property. It is always ideal...
Hi Mick, Different quantity surveyors may offer higher amounts, it is worthwhile getting a few opinions as there may be something missed as you...
Hi Chris, Yes, now that your property will become an investment, you can claim depreciation for the building (if of age; built after 1987) and...
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