by Archi-QS | Aug 24, 2021 | All Posts, Quantity Surveying, Tax Depreciation
If you own a residential building that commenced construction after September 15, 1987, you’re entitled to capital work deductions at a 2.5% rate for up to 40 years, including potential benefits from a tax depreciation report. But what about older properties?...
by Archi-QS | Aug 4, 2021 | All Posts, Quantity Surveying, Tax Depreciation
At Archi-QS, we have adapted our schedules to suit the needs of our clients. This includes offering split reports where there are multiple owners of a particular property. The split report increases the immediate write-off and low-value pooling amounts claimable by...
by Archi-QS | Jul 26, 2021 | All Posts, Quantity Surveying, Tax Depreciation
Many property owners aren’t aware of the beneficial methods they can utilise to maximise their depreciation deductions for qualifying their assets of plant and equipment. One of these methods is low-value pooling, which involves depreciating your assets at an...
by Archi-QS | Jul 13, 2021 | All Posts, Quantity Surveying, Tax Depreciation
Are you an investor and have only recently become aware of a tax depreciation schedule and the deductions that are available for your investment property? Firstly, welcome to the party! Secondly, let’s tackle this right now as you might be missing out on valuable...
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?...
