Tax time is here! Are you paying too much tax ?
Do you own or have you bought an investment property in the past financial year?
Or… have you recently refurbished, altered or extended your investment property in the past financial year?
Or… do you own an investment property but have never claimed depreciation in the past?
Or… own any property including commercial, retail, industrial, residential, pubs, clubs, sporting – we are experts in them all.
If your answer is yes to any of these questions then you may very well be paying too much tax on your income if you don’t claim your depreciation deductions.
Property tax allowances (commonly known as depreciation) provide an opportunity for owners of income producing property to reduce their taxable income, thus reducing the tax payable. Continue reading
Did you know… about Lifecycle Expenditure Forecasts
Did you know… that industry asset management guidelines recommend the preparation of, and ongoing updates to Lifecycle Expenditure Forecasts as part of best practice solutions?
As an example, the Property Council of Australia Guide to Office Building Quality recommends office buildings have Lifecycle Expenditure Forecasts in place as follows:
| Building Grade | Forecast Required |
Existing Buildings: |
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| New Buildings: | |
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