News

Taxation

Property investors risk ATO scrutiny with this mistake

BMT Tax Depreciation has issued a critical reminder to property investors lodging their tax returns in coming months: any rental property improvements made last financial year must be captured in an updated tax depreciation schedule or risk making inaccurate claims. Investors who have renovated ...

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Five things to know about depreciation this tax time

Five things to know about depreciation this tax time

BMT Tax Depreciation has released its tips for tax depreciation. With tax time fast approaching, claiming depreciation is the key to increasing cash flow from an investment property. BMT Tax Depreciation has some tips for investment property owners when it comes to claiming depreciation at tax ...

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Tax tips: depreciation answers for investors

Tax tips: depreciation answers for investors

Consulting with an accountant as well as a quantity surveyor can help boost investment success. The complexity of depreciation unsurprisingly has many scratching their heads. While investors don't need to be depreciation experts, here are answers to some of the most common questions on this area...

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Houses earning more than Australia's highest paid professionals

Houses earning more than Australia's highest paid professionals

Home owners are out-earning some of Australia's top professionals, with rapid price growth seeing house values climb by more than $1000 per day in some cities. Houses are out-earning some of Australia's top-paid professionals, with price growth in some cities outstripping the income of surgeons,...

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Depreciation: Does it Affect Capital Gains Tax?

Depreciation: Does it Affect Capital Gains Tax?

One of the biggest deductions on a property investment available is tax depreciation. But not all property investors are aware of this and may not even order a depreciation schedule when purchasing a property. Through the years, many didn't know that this property tax depreciation exists at all. ...

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Depreciation still the second highest deduction for property investors

Revealed by latest ATO investment property statistics Depreciation remains the second highest deduction for property investors after interest repayments, according to the Australian Taxation Office (ATO). ATO investment property statistics recently released from financial year (FY) 2017/18 reve...

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Are you claiming all available tax deductions from your investment property?

Are you claiming all you’re entitled to at tax time? Find out what tax deductions you can claim on an investment property and maximise your deductions this June 30. Are you claiming all you’re entitled to at tax time? Find out what tax deductions you can claim on an investment pr...

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Revenue From Property Taxes Continues To Climb In 2017/18 Despite Housing Downturn

State and local governments collected a whopping $30.293 billion worth of property tax revenue over the 2017-18 financial year. If you were to compare these statistics to what was published last year, the figures would be vastly different. Previously, the ABS included stamp duties on conveyance...

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Rents Across Australia Rise Over The First Quarter Of 2019

The first CoreLogic Quarterly Rental Review for 2019, which tracks median rents and rental yields across Australia, shows that national weekly rents have risen by 1 per cent during the first three months of the year. “This seasonally strong first quarter has delivered the highest incre...

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NSW set to save on stamp duty

The NSW State Government have announced plans to change stamp duty price brackets. From 1 July 2019, stamp duty price brackets will be pegged to CPI (Consumer Price Index) resulting in savings for property buyers. Initial savings would be anywhere between $200 to $600 with those savings increasi...

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6 things you can claim to maximise your tax savings

  1. Interest Interest is by far the largest tax deduction in a negative gearing arrangement. Provided  your property is available for rent, the interest incurred on  money you’ve borrowed for the property is tax-deductible, including money used to purchase the property...

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The various hidden costs of buying an old house

Are you considering buying an old house to refurbish it and sell it off at a considerable profit? Or are you just planning to buy an old house to save some money? While buying an old house (by old we mean as old as 60-70 years) is a pocket-friendly option as compared to buying a new one, the...

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