23 May 2016

Common Errors Property Investors Should Avoid

A Tax Depreciation blog by Paul Bennion.

With the start of the new financial year fast approaching, property investors throughout Australia are now getting their paperwork ready to lodge their tax returns. Property investors historically have been targeted by the ATO and if you are a first time property investor, it is therefore important that your tax returns are accurate.

19 May 2016

Academy partnership benefits on and off the field

A Tax Depreciation blog by WAFL.

Supporting local footy is a two-way partnership for Depreciation Professionals DEPPRO.DEPPRO came on board as Principal Partner of the WA State 16s and State 18s programs this year to support the development of WA’s most talented young players.

16 May 2016

Melbourne and Sydney Property Markets more Vulnerable to Negative Gearing Changes

A Tax Depreciation blog by Paul Bennion.

The latest property figures produced by CoreLogic show residential rents for dwellings in Australia’s capital cities are now increasing at their lowest level on record - averaging just 3.4% during April 2016.Melbourne had the lowest rental return of any capital city in Australia for houses during April at just 2.9% and this will followed by Sydney at 3.1%.

09 May 2016

Federal Budget has Silver Lining for Property Market

A Tax Depreciation blog by Paul Bennion.

The Federal budget has come and gone and it is interesting that much of the post budget commentary has largely ignored the positive impact it would have on the property market.There are two reasons why this year’s budget will benefit the property market throughout Australia.

05 May 2016

Investing in Property can Deliver Double Whammy of Reducing your Tax Burden and Creating Wealth

A Tax Depreciation blog by Paul Bennion.

Investing in property is an effective way that ordinary Australians can both reduce their personal tax burden and create personal wealth.Tax benefit such as negative gearing and depreciation has enabled millions of Australians over the years to buy investment properties to help fund their retirement.

27 April 2016

'Hidden' Tax Benefits for Property Investors can be Sitting in their own Front Garden

A Tax Depreciation blog by Paul Bennion.

It is estimated that each year hundreds of millions of dollars in legitimate tax benefits are never claimed by property investors throughout Australia. This occurs because many property investors do now use the service of a qualified tax depreciation specialist to identify items throughout their property that can be claimed for tax depreciation purposes.

18 April 2016

Five Key Questions Answered About Tax

A Tax Depreciation blog by Paul Bennion.

1. What is Tax Depreciation? Tax depreciation on a residential property is a deduction against assessable income allowing the owner to reduce the amount of taxation payable. An investor is able to claim for two distinct types of depreciation on buildings. The first is Capital Allowance which is a deduction based on the historical construction costs of the property and may include surveying, engineering, architectural and building fees.  The second is Plant and Equipment which includes items such as floor coverings, window treatments and fixed equipment i.e. cookers.

12 April 2016

How to Boost your Rental Returns During Periods of Rising Vacancy Rates

A Property blog by Paul Bennion.

One of the biggest challenges that many landlords will face over the coming year is finding a suitable tenant for their rental property who will pay a satisfactory level of rent. This is particularly the case in capital cities where the resources slowdown has seen a blow-out in vacancy rates such as Perth and Darwin and where there is now a downward pressure on rents. 

04 April 2016

'Ugly Duckling' Ex Rental Properties Offer Opportunities for Astute Investors

A Property blog by Paul Bennion.

Property buyers considering purchasing an investment property should consider focusing on well located areas with high levels of rental properties.Former rental properties offer opportunities for fast capital gain through cosmetic renovations.These ‘ugly duckling’ ex rental properties traditionally have been neglected by their owners but offer excellent opportunities for astute investors.

30 March 2016

10 Tips for Buying off the Plan

A Tax Depreciation blog by Paul Bennion.

Buying apartments off the plan has become very popular with property investors throughout Australia over recent years.For a relatively small deposit, they can secure an apartment and then look forward to future capital growth as the apartment development is constructed.