Insights and News
Tax Depreciation Reports on Older Properties
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...
Introduction to Stage 8 of the Strata Building Bond and Inspections Scheme
Stage 8 of the Strata Building Bond and Inspections Scheme is the final stage. It is only relevant if the final inspection and report identified outstanding defects and the cost to rectify the defects has been determined. The building bond amount...
Introduction to Stage 7 of the Strata Building Bond and Inspections Scheme
Introduction to Stage 6 of the Strata Building Bond and Inspections Scheme
Stage 6 of the Strata Building Bond and Inspections Scheme is agreeing to the cost of the outstanding defects and is therefore only applicable if outstanding defects that have been identified in the previous Stage 5: Final Inspection and Report....
Introduction to Stage 5 of the Strata Building Bond and Inspections Scheme
Stage 5 of the Strata Building Bond and Inspections Scheme requires that the building inspector go back out to site to carry out a final inspection and report. This is to determine whether the defective building work identified in the interim...
Introduction to Stage 4 of the Strata Building Bond and Inspections Scheme
Stage 4 of the Strata Building Bond and Inspections Scheme is the rectification of the defects identified in Stage 3: Interim inspection and report. The developer is responsible to rectify the defects identified in the Interim Report, who will...