Can I depreciate an Old Property?
Any property that is used for investment purposes can be depreciated, including properties that were built prior to 1985 (when the building allowance kicked in) are still worth depreciating and obtaining a tax depreciation report to see the value of what tax benefits you can obtain. The purchase price of […]
Why do I need a depreciation report for my investment property?
One of the most frequently asked questions we are asked at iScope Property Solutions is “Why do I need a tax depreciation report for my investment property” So to answer this question, we’ve outlined in the article below some of the reasons and benefits to obtaining a report, we hope […]
What a Depreciation Report Should Include
A big mistake made by many property investors is that they overlook the number of benefits offered by tax depreciation. Just like plant and equipment the capital works in a property depreciate over time too. The Australian Taxation Office (ATO) allows property investors to claim deductions for the depreciation of a […]
4 Property Investment Tax Benefits You Could Be Missing Out On
Properties such as houses, apartments and offices are popular investments. Depending on market conditions, property can be considered a relatively low-risk investment and is less volatile than market shares. For long-term investors, investing in property is one of the best ways to increase your investment portfolio. Depending on different factors […]
Your Mini Guide To Property Tax Depreciation
Are you a little puzzled as to how tax depreciation works? If so, you’re not alone! Just bookmark this quick guide to have this information ready, on-hand, when you need it the most. What Is Tax Depreciation? For starters, you might have noticed that the term “tax depreciation” is interchangeable […]