As a building gets older, items wear out – they depreciate. The Australian Taxation Office (ATO) allows property owners to claim this depreciation as a deduction. Any property owner who obtains income from their property can claim depreciation.
Tag Archive for ‘Tax’
Changes to Capital Gains for Non-Residents
In the 8th May 2012 Federal Budget the Government proposed changes to tax laws that affect non-residents (even if they are Australian Citizens).
CEO Agrees With Julia Gillard – Stamp Duty Is A Barrier for Many
Support for Prime Minister, Julia Gillard, has come from an unusual source today – the politically conservative CEO of First National Real Estate, Mr Ray Ellis, who agrees with her call for the review of state based property taxes.
Tax Tips to Avoid Slips by Investors
Tax time can cause great anxiety for investors who unwittingly make claims they are not entitled to, getting themselves into deep water with the Tax Office.
First National says duty of all to abolish taxes
First National Real Estate says the government should have delivered on the GST promise of abolishing stamp duty and that home buyers should also do their bit to support the Australian property market.
Have you unlocked the hidden cash in your investment property?
You’ve worked hard to buy an investment property but have you made sure that you’re maximising the cash flow your property is producing? The more efficiently you manage your portfolio, the sooner you’ll be buying your next investment.
Investors Gear Up For Tax Time
Tax time is just around the corner, and according to First National Real Estate Communications Manager, Stewart Bunn, the key to maximising tax deductions for property investments is organisation and planning.
Will government force a market downturn?
News of potential government induced structural change in the real estate market is worrying property investors and risks tipping the market into a downturn. Property auction results last weekend were among the weakest of the year, with auction numbers and… Read More ›
Is The Government Against Investors & Tenants?
First National Real Estate (FNRE) has criticised industry representatives who have said in recent media reports that the property industry would support moves to replace stamp duties with a broadening land tax or any other tax.
First National Bucks Industry Stance
First National Real Estate CEO Ray Ellis, has snubbed industry representatives who have said in recent media reports that the property industry would support moves to replace stamp duties with a broadening land tax or any other tax.
