THE NEGATIVE GEARING DEBATE CONTINUES

February 6th, 2018|0 Comments

Tax Depreciation

For advice on Tax Depreciation benefits in relation to your investment property contact the Specialist’s with the greatest experience at www.abbcon.com.au

At Abbcon we are of the opinion that stamp duty changes […]

Tax Depreciation Schedules Split 50:50 Increase Joint Owner Deductions

December 31st, 2017|0 Comments

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 […]

Budget 2017 Impacts Residential Tax Depreciation

December 15th, 2017|0 Comments

 

 

 

 

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.
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Tax Depreciation Schedules Prime Cost v Diminishing Value?

July 12th, 2015|0 Comments

What does it mean and what is the difference?
To put it simply, the Prime Cost method gives you equal deductions each year for the effective life of the article.

Whereas the Diminishing Value method gives higher […]

Tax Depreciation Schedules for Older Properties

June 7th, 2015|0 Comments

Tax Depreciation for Older Properties
Tax Depreciation Schedules for Older Properties
A common misconception is that there is little or no depreciation that can be claimed on older properties.
In fact depreciation on plant […]

Introduction to Tax depreciation Schedules

May 30th, 2015|0 Comments

“Tax Depreciation Schedule was never mentioned to me by my accountant when I purchased my rental property” is what I hear from many property investors I meet. So they ask, “What is a Tax Depreciation […]