Depreciation Differences: Old Versus New Residential Properties

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Property depreciation is a non-cash tax deduction available to the owners of income producing properties. As a building gets older, items wear out – they depreciate. The Australian Taxation Office (ATO) allows property owners to claim this…

Wakefield Business Group Tax Tips

  Deduction for Phone and Internet   Claiming mobile phones, internet and home phone expenses Where taxpayers use their own phone (s) or internet for work purposes, they may be able to claim a deduction if they paid for these…

Five depreciation points every investor should know

Any owner of an income producing investment property is eligible for significant taxation benefits. Despite this fact, according to the Chief Executive Officer of BMT Tax Depreciation, Bradley Beer, 80 per cent of property investors are failing…
Accounting

Depreciation on new investment on new property

Wakefield Business business group are experts in Investment Property taxation. Should you require a depreciation schedule for a new property (ie post 1985) Wakefiled business group recommends BMT. Their work is thorough and ATO approved.   Want…

Sanjay's Interest Rate News - Interest Rates to fix or not to fix ?

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This is the question facing home owners in the current interest rate climate. With the official cash rate expected to remain static in the short term, should home-owners look to fix their mortgage before a potential rate rise occurs? Interest…

Sanjay's Financial Planning News - Chinese Share Market Buying Opportunity?

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You may have seen much negative press about the Chinese share market over the past month. I would like to put this into perspective. Firstly, the Chinese A share market which is the market that has fallen dramatically is only available to the…

Rajesh's Tax Tips

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Beginning every month Rajesh our senior tax advisor will provide his Tax Tips so tune in every month. This Month my focus will be ATO Scams, ATO warnings, Rental Property Deductions and Depreciation Rules. Beware Of ATO SMS and phone…