Insights and News
Overview of Stage 1 in the Strata Building Bond 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...
The Strata Building Bond and Inspections 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...
Capital Gains Tax: Capital Loss and Equipment Depreciation Schedules
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...
Unlock Tax Benefits with a Tax Depreciation Schedule
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...
Tax Depreciation: What Are the Changes, and Who Is Affected
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...
Tax Depreciation: Understanding What You Can Claim
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...