by Mark Kilroy | Jan 9, 2023 | Residential Tax Deprecation
With inflation still rising, currently at 7.3% in the quarter, and the RBA’s current cash rate of 2.85% announced on November 2, 2022, it is a critical time for investors. In just a short space of time, we have seen the cash rate increase from just 0.1% in April...
by Mark Kilroy | Jan 9, 2023 | Commercial & Business Tax Depreciation, Residential Tax Deprecation, Tax Depreciation
Negative gearing is a term that is used to describe a situation where the costs of owning an investment, such as a rental property, are greater than the income it generates. When this happens, the investor is said to be “negatively geared.” This can occur...
by Mark Kilroy | Jan 9, 2023 | Commercial & Business Tax Depreciation, Residential Tax Deprecation
The History of a Quantity Surveyor A quantity surveyor is a professional who specialises in the measurement, valuation, and management of the costs of construction projects. The role of a quantity surveyor has evolved over time, but the basic principles of the...
by srijana | Dec 10, 2021 | Commercial & Business Tax Depreciation, Residential Tax Deprecation
Most second-hand properties will have undergone some sort of renovation or asset replacement since they were built and will benefit from depreciation deductions on the cost of these works. For residential properties. Building improvements need to have been completed...
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 Mark Kilroy | Oct 6, 2020 | Industry & Policy Updates, Koste News & Case Studies, Residential Tax Deprecation
Australian investors could be claiming an extra $5,000 per property at tax time by following a few simple steps, according to a leading industry expert. Mark Kilroy, Director of Koste tax depreciation quantity surveying company, says the Australian Tax Office (ATO) is...
