End of Year Investment Property Tax List
Property Tax Deductions are available as follows:
- Depreciation of plant – such as air conditioning and mechanical ventilation, some electrical items, lighting, carpets, lifts, furniture and fittings.
- Building Structure (Capital Allowances) for investment properties constructed after July 1982, or for refurbishment, renovations, additions alterations after that date.
Now answer these questions…
- Have you got a current depreciation schedule? If not Napier & Blakeley are qualified to establish values for the depreciating assets that you own.
- Have you bought an investment property throughout the tax year?
- Have you altered, renovated or added to your existing investment property throughout the tax year?
- Have you demolished all or parts of your investment property?
- Have you changed, added to or thrown out any items of fitout or FF & E during the financial year?
The establishment of a compliant depreciation schedule allows you to calculate your entitlements to Depreciation and Capital Allowances deductions and to manage the process of change to your asset. Continue reading
Are you managing your Energy Reporting Risk ? As come November the Penalties are harsh !
Commercial Building Disclosure (CBD) is a national program designed to improve the energy efficiency of Australia’s large office buildings.
Transitional Provisions Ending this Year
The current transitional provisions of the CBD program that require only a NABERS base building energy rating to be disclosed will end on 31 October 2011, with full mandatory disclosure requirements commencing on 1 November 2011.
From 1 November 2011, the Building Energy Efficiency Disclosure Act 2010 (BEED Act) requires corporations selling, leasing or subleasing certain large (>2000sqm) office spaces to register a full Building Energy Efficiency Certificate (BEEC), not just a NABERS rating.
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