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Depreciation Facts

Depreciation Schedules – Inspection Options

Request a quote today to find out if you can achieve the maximum depreciation deductions without the need for a property inspection. Request A Quote   1300 990 612 The COVID-19 pandemic has forced many businesses to reflect on “industry norms” and the way they operate. We are no exception. At Washington Brown we believe […]

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Depreciation Facts

Case Study – UK Townhouse (Built After 1987 – Lived in until 2019)

Client Name and Unit Number have been altered for privacy. Matt came to Washington Brown looking to maximise his tax depreciation deductions. Having recently moved to Australia from the UK, Matt rented out the family home in England when they left. The house was originally built in 2005 and was purchased for £400,000 in 2010. […]

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Depreciation Facts

Australian expats lose capital gains tax exemptions

THE FEDERAL Government has made a very significant change to capital gains tax (CGT) affecting ex pats, but it’s likely there are many Australians living overseas who are still completely in the dark about it. Put simply, the change entails the CGT exemption for the Australian family home, which has been in existence for 35 […]

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Test Form Post

Does your property need an inspection? Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu […]

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Fireworks

IT’S OFFICIAL

Since our beginning, well over 40 years ago now, Washington Brown has always placed as much importance on achieving the maximum ATO-Compliant deductions for our clients as we have on ensuring the highest levels of Customer Service and Satisfaction. With these aspects being at the core of the business’ values, we are understandably both proud […]

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Depreciation Facts

How First Home Buyers can Claim Property Depreciation

First home buyers seem to be a popular topic of discussion in Australia. They’re either getting a lot of government incentives and grants on the one hand, or they are finding it tough to get into the property market due to rising house prices on the other. Over the years I’ve been invited to talk […]

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Depreciation Facts

Depreciation as it applies to Different Ownership Structures

An investor recently asked me, ‘Should I buy an investment property in my own name, my company name or via my super fund to maximise depreciation?’ While the tax implications are a very important part of your property investment strategy, I would never make taxation the number one reason for determining how I structure my […]

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New Old property depreciation

How the new depreciation laws affect depreciation on old property

There is a common misconception in the property market that you cannot claim depreciation on old properties. This is wrong, and I can prove it! The origin of this myth centres on the fact that you cannot claim building depreciation on residential properties where the construction commencement date is before 1987. This is a true […]

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