On 15 November 2017, Parliament passed the Treasury Laws Amendment (Housing Tax Integrity) Bill 2017, which brought about some major changes to ‘plant and equipment’ depreciation claims...
It’s well known that you can claim wear and tear on a business vehicle, but did you know that you can also claim wear and tear on your investment property? Many Australians are likely to be unaware that their investment properties hold significant tax depreciation deductions, meaning they could be missing out on thousands of dollars...
Depreciation is a complex area, so unless you’re a specialist Quantity Surveyor or a qualified Tax Accountant, it can be hard to wrap your head around it...
The new financial year is a great time to look critically at last year’s investing habits and identify any weak areas that can be improved for a more successful year ahead...