September 2021 - Koste
What is Low-Value Pooling?

What is Low-Value Pooling?

Low-value pooling is a method of depreciating plant items at a higher rate to maximise deductions. Section 40E of the Income Tax Act of 1997, which contains information about both low-value and low-cost assets, has had the low-value pool provisions in place since July...
Can you claim Tax Depreciation on holiday let?

Can you claim Tax Depreciation on holiday let?

Australians are now holidaying at home, and many investors are now looking at the benefits of owning a holiday home over renting on a permanent basis. But what does this mean for depreciation deductions? You first need to look at whether you will be renting the whole...
What is Tax Depreciation?

What is Tax Depreciation?

What is Tax Depreciation? The structure of a building, as well as the assets contained within, deteriorates with time. Depreciation is the process of claiming a deduction for your property’s natural wear and tear. The Australian Taxation Office allows owners to...