May, Author at Koste - Page 4 of 4
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...
Tenant Abandonment

Tenant Abandonment

How does tax depreciation assist landlords with tenant abandonment? Covid-19 has left an unprecedented impact upon Australian business. One of these impacts is the ability for businesses to pay their rent.  With temporary relief available via economic stimulus and...