Have you considered leasing out your investment property furnished? When you furnish a rental property, the furnishings become part of the Division 40 plant and equipment assets allowing you to claim depreciation deductions for the wear and tear of the furniture over their effective lives, reducing your taxable income...
Despite ongoing interest rate hikes, high inflation and a subsequent ease in consumer spending, the residential property market has shown resilience with a 7...
The demand for reliable childcare services continues to surge, making owning and operating childcare centres a strategic move that positions owners at the heart of this growing demand while contributing to essential community support...
A paper released by the Australian Institute of Quantity Surveyors (AIQS) has emphasised the importance of completing site inspections in creating accurate and compliant tax depreciation schedules...
When property investors are preparing their annual income tax return, it’s important to organise a tax depreciation schedule for any recently purchased properties...