by srijana | Sep 28, 2021 | Capital Gains & Asset Disposal, Koste News & Case Studies
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...
by srijana | Sep 15, 2021 | Tax Depreciation
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...
by srijana | Sep 1, 2021 | 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...
by srijana | Jul 6, 2021 | Commercial & Business Tax Depreciation, Residential Tax Deprecation
We do recommend completing a site inspection where possible with one of our qualified Quantity Surveyors, especially on commercial properties, apartments, and second-hand residential properties. This will ensure maximum depreciation benefit on plant and equipment...
by srijana | May 26, 2021 | Koste News & Case Studies
TAX DEPRECIATION SCHEDULES. WHAT YOU NEED TO KNOW FOR THE END OF THE FINANCIAL YEAR. Can you believe it’s already the month of May? We’re almost halfway through the year, and we all know what that means — TAX time! Don’t let the end of the financial...
