Blog Archives - Page 5 of 7 - Koste
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...
Do I need a site inspection?

Do I need a site inspection?

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...
Tax Depreciation Schedules, What you NEED to know for EOFY

Tax Depreciation Schedules, What you NEED to know for EOFY

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...
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...