by Archi-QS | Jul 12, 2021 | All Posts, Quantity Surveying, Tax Depreciation
ATO: “Any owners who purchase a second-hand residential investment property who have exchanged contracts after 7:30 pm on the 9th of May 2017 will not be able to claim tax depreciation on existing Plant and Equipment (Division 40).” Well, have you renovated recently?...
by Archi-QS | Jun 30, 2021 | All Posts, Architecture, Project Management, Quantity Surveying, Updates, Insights & Thoughts
What is the DBP? The Design and Building Practitioners Act 2020 (DBP) Act regulates design and building work in NSW by imposing certain obligations on Design, Building and Engineering Practitioners. The DBP Act covers class 2 buildings and buildings that include a...
by Archi-QS | Jun 30, 2021 | All Posts, Architecture, Project Management, Quantity Surveying, Updates, Insights & Thoughts
What are They? Standards Australia is the country’s leading independent, non-government, not-for-profit standards organisation. Australian Standards (AS) establish a common language to define quality and safety. In a nutshell, a standard is an industry-backed solution...
by Archi-QS | Jun 29, 2021 | All Posts, Quantity Surveying, Strata Building Bond and Inspection Scheme
Stage 1 of the Strata Building Bond and Inspections Scheme is for the developer of a new residential strata building (4 storeys or higher) to lodge a building bond in the form of a bank guarantee with NSW Fair Trading. This is required prior to obtaining the...
by Archi-QS | Jun 29, 2021 | All Posts, Quantity Surveying, Strata Building Bond and Inspection Scheme
What is the Process for Complying with the Strata Building Bond and Inspections Scheme? There are many different stages for the developer to undertake in order to comply with the Strata Building Bond and Inspection Scheme. NSW Fair Trading offers a general process...
by Archi-QS | Jun 29, 2021 | All Posts, Quantity Surveying, Tax Depreciation
What is Capital Gains Tax? Capital Gains Tax (CGT) is a form of income tax that a property owner is liable to pay within the financial year of selling their property. When selling a capital asset, shares or real estate, you usually make a capital gain or a capital...
