Recently we discussed the value of a depreciation schedule. However even if the property mainly has plant & equipment (and not much capital works...
Hi All, I am trying to figure out the benefits of getting a depreciation schedule for a slightly negative geared property held by a discretionary...
Dear accounting & tax gurus, Appreciate your advice on my situation. Purchased a IP 2 years ago with my partner (50:50 split). IP is being...
Just to preface this question. I know it is quite technically complex and I am considering seeking a private ruling from the ATO, but want to see...
When a property is sold and the main residence exemption is not used the building works depreciation (div 43) on the property should be ‘clawed...
If you fitout a shop or office premises before you start trading, and the works are done and invoiced separately by various trades: when it comes...
I have a small 1 bdroom IP, in a brick apartment complex built in the 70s, held for about 6 years. It has simple fixtures, no furniture, laminate...
Hi, hoping some of the more knowledge-able folks on here might know the answer to this. I bought a management rights business in sunny North...
hi, looking to purchase a 2 bed unit in a very good position near a metro beach. 60's era block. 12 units in the block. the owners have all...
Hey all, Just picking brains for items that are completely depreciable within a financial year for an IP. Basically I’m trying to figure out...
Hi all. Is it worth to get a depreciation schedule for a commercial car space near the airport? I just recently bought one. Will the depreciation...
Some people would like to use the 6 year rule strategy which I have outlined here: Tax Tip 23: The 6 year Absent from Main Residence Rule...
Protect and grow your portfolio in an evolving market With so much uncertainty surrounding changes to legislation, finance and the property...
Capital works deductions can only be claimed once completion of construction of the capital works is complete. s 43-30 ITAA97. They can’t be...
Hey guys, Been investigating this whole worldwide income/foreign income tax offset thing. Currently my understanding is: If I as an Australian...
I did a knock down and development and am now putting my depreciation data inputs together and the quantity surveyor requires the following:...
Hi all, We purchased quite a few items to furnish the rental property and they were mostly delivered to the property. Some have delivery fees...
Hi, I have just replaced a broken toilet at a cost of $520. Given that this is a figure above $350, do I have to depreciate it or can I claim...
Greetings fellow PC members, Will appreciate if you could share your thoughts on the following: I am in the process of moving out of my PPOR and...
Hi all I've recently bought an investment property which is under strata. While the building is too old to qualify for deprecation, the strata...
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