2015 Budget – Accelerated Depreciation for Primary Producer’s Analysis
The federal government will sanction all primary producers, an immediate deduction for the cost of new fencing and investment in water facilities (such as dams, tanks, bores, irrigation channels, pumps, water towers and windmills).
The Government will additionally allow primary producers, a 3 year deprecation allowance for all capital expenditure on fodder storage assets (such as silos and tanks used to store grain and other animal feed).
Currently, the effective life of the above mentioned assets are:
- Fences – up to 30 years
- Fodder storage assets – up to 50 years
- Water facilities – 3 years Continue reading
It’s your money… don’t let it get away !
Are you getting the best return from your investment property ?
Each year, millions of dollars in property depreciation goes unclaimed by property investors who don’t know how and what to claim – or who find the whole thing too hard.
Let us worry about it, so you don’t have to.
Napier and Blakeley are the property tax depreciation specialists. We’ve been working for investors for over thirty years, making sure they maximise their deductions – and get the best return. Our specialist quantity surveyors are among the most experienced and qualified in the country, and are advised by our research team on the latest revisions from the Australian Taxation Office. Continue reading
