Tax Depreciation Schedules Split 50:50 Increase Joint Owner Deductions

Splitting Tax Depreciation amongst multiple owners can improve your bottom line

Splitting Tax Depreciation amongst multiple owners can improve your bottom line

One of the lesser known benefits of being a joint owner of an investment property is that the depreciation claims can be higher overall when split between two or more owners. Splitting a Tax Depreciation Schedule between joint investment property owners will optimise deductions for plant and equipment if done as we do with our Quantity Surveyor Reports.

Tax Depreciation on plant and equipment allows for eligible division 40 items with a value of $1,000 or less to be added to a low value pool and depreciated at 18% in the first year and 37% thereafter. Additionally for residential properties items of $300 or less can be deducted at 100% in the first year.

So the advantage of  splitting 50:50 between joint owners is that plant and equipment with original values of $2,000 or less can effectively be added to the low value pool and those of $600 or less can be deducted at 100%.

This is just another example of how we ensure that our property investor clients get the best possible tax deductions from our Quantity Surveyor Reports and achieve better cash flow.

Contact us today at Abbcon Associates and let us help you achieve the maximum return on your investment property.


By |December 31st, 2017|News, Tax Depreciation|0 Comments

Budget 2017 Impacts Residential Tax Depreciation

Tax Depreciation Schedules





Residential tax Depreciation Slashed by Federal Government Legislation 2017

The federal government changes to the depreciation of plant which were proposed in the May budget were passed by the senate on 15th November 2017.

A number of property investors have contacted Abbcon Associates as experts in preparation of Tax Depreciation Schedules, to discuss how these changes may affect them.
The good news for investors is that residential properties purchased ( contracts exchanged) prior to 7:30pm on 9th May 2017 are unaffected by the changes, as the prior legislation has been grandfathered.

By |December 15th, 2017|News, Tax Depreciation|0 Comments