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...
by Archi-QS | Jun 22, 2021 | All Posts, Quantity Surveying, Tax Depreciation
A Tax Depreciation Schedule empowers investors by turning property value depreciation into tax deductions. As time passes and buildings age, their worth declines, including the contents within. This schedule estimates the depreciation and associated tax allowances,...
by Archi-QS | Jun 18, 2021 | All Posts, Quantity Surveying, Tax Depreciation
As the Treasury Laws Amendment Bill 2017 was passed on the 15th of November 2017, important changes were made to the Income Tax Assessment Act 1997. It now denies property investors from claiming income tax deductions for the decline in value of ‘previously used’...
by Archi-QS | May 25, 2021 | All Posts, Quantity Surveying, Tax Depreciation
Understanding what you can claim is the first step towards maximising your return with a Tax Depreciation Schedule. The Australian Taxation Office (ATO) has recognised that the value of capital works (Division 43) gradually reduces over time and these items can be...
by Archi-QS | May 25, 2021 | All Posts, Quantity Surveying, Tax Depreciation
We aim to provide easy-to-use application forms for all of our services. Our tax depreciation application forms are no different. Our new application forms are interactive PDFs, eliminating the need for scanners and printers, enabling you to complete the form directly...
by Archi-QS | May 5, 2021 | All Posts, Tax Depreciation
Tax Depreciation Schedules for Developers Turning into Landlords: While the build-to-rent (BTR) sector has already established its position in the property markets of countries such as the UK, Canada, and the US, the Australian market is slowly catching up with the...
