https://www.propertyinvesting.com/members/anthonyb/activity/ Activity feed for AnthonyB. Sun, 12 Apr 2026 16:50:54 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 08c745ac0239d2f83a462ae9bff337dd https://www.propertyinvesting.com/topic/4406756-buying-first-ip-quantity-surveyor-timing/#post-4671190 Tue, 05 Jun 2012 23:24:27 +0000 Hi All,Most Quantity Surveyors are able to conduct the inspection prior to settlement but the report won't be finalised until settlement has occurred. If you settle before the end of this financial year make sure you get the report organised so you can claim some depreciation immediately.Remember, if you pay for the report before June 30 you can…[Read more]

]]> 83c3edcc408d974768b9c3268c356e7c https://www.propertyinvesting.com/topic/4406470-accountants-9/#post-4668708 Mon, 30 Apr 2012 06:51:29 +0000 Dear Annette,Please feel free to contact: Nick Perrett – JPH Group. Level 6/60 Albert Road, South Melbourne – Ph 9686 1100Linda Luzza – F Trotta & Co. 505 Nicholson Street, Carlton North – Ph 9347 7607They'll definitely be able to assist.I hope this helps,

]]> 9e23c05890698299d78574b991e532ac https://www.propertyinvesting.com/topic/4370648-q-s-report/#post-4449701 Mon, 12 Mar 2012 23:11:47 +0000 Hi All,You'll find that by using someone's existing report you're doing yourself an injustice as upon settlement all plant & equipment assets (carpets, blinds, kitchen appliances etc) are revalued due to their effective lives starting again. As the previous owners claims are low at your point of purchase, once a new depreciation schedule has been…[Read more]

]]> 4ad9acbe05ad83163a71ab1c3e620ad9 https://www.propertyinvesting.com/topic/4405430-renovating-using-a-loan-2/#post-4660573 Thu, 01 Mar 2012 04:48:35 +0000 Hi Die Hard,In that particular instance it would generally be viewed as a repair and therefore claimed as an immediate expense.But, always best to discuss with your Accountant.I hope this helps,

]]> 8b54e2df15fab69ddf6a53659c39fe21 https://www.propertyinvesting.com/topic/4405936-accountant-recommends-not-to-claim-depreciation/#post-4664228 Fri, 24 Feb 2012 01:13:13 +0000 No problems at all Freedom.I would recommend engaging a quantity surveyor to complete a depreciation schedule as soon as possible to ensure they lodge for missed deductions this financial year.Once the renovations are complete on the older home, engage a quantity surveyor to ensure you're maximising your deductions.  <Moderator: delete…[Read more]

]]> c138c89e18f018072e7908b2622f4ebd https://www.propertyinvesting.com/topic/4405936-accountant-recommends-not-to-claim-depreciation/#post-4664225 Fri, 24 Feb 2012 00:22:29 +0000 Hi All,Very good question Freedom and some good answers from previous posts.In this particular situation, with your parents having owned the properties since the early 1990's (assuming that the properties were built before July 18 1985) they won't be entitled to claim the 'special building write-off' also known as Div 43, and the plant & equipment…[Read more]

]]> 962ecef6c9af373f3111e15a0e0554bc https://www.propertyinvesting.com/topic/4405855-questions-regarding-us-property/#post-4663685 Tue, 14 Feb 2012 04:27:39 +0000 Hi Stu,As an Australian investor buying property abroad you're also entitled to claim depreciation on the building and fixtures & fittings in conjunction with current ATO legislation.A post added previously: https://www.propertyinvesting.com/forums/property-investing/overseas-deals/4343319I hope this helps,

]]> 9352a967ba0eaef5daf959980fa09eea https://www.propertyinvesting.com/topic/4405430-renovating-using-a-loan-2/#post-4660571 Fri, 10 Feb 2012 22:27:53 +0000 Hi All,Only when a property is income producing are you able to claim depreciation. This covers the building (should it qualify i.e built between July 18 1985 @ 4% over 25 years and Sept 15 1987 2.5% over 40 years), all the fixtures & fittings such as carpets, blinds, kitchen appliances, hot water systems (regardless of their age as they are…[Read more]

]]> d9df7c0e95fecead9bc7aa0938180b99 https://www.propertyinvesting.com/topic/4405760-help-please-21/#post-4662929 Thu, 02 Feb 2012 00:10:14 +0000 Hi Steve,Depending on where you are located in Perth here is a few property savvy accountants we've come across:Paula Durrant @ Durrant's Accounting Services – Level 1, 256 Fitzgerald Street, Perth Ph: 9228 4622Chris Hanson @ Gannon Hanson Hamersley – Suite 25, 199 Balcatta Road, Balcatta Ph: 9240 5340Noel McKenney @ Noel McKenney & Co – 813…[Read more]

]]> d3e702855888c65b60cfbfadce2467e0 https://www.propertyinvesting.com/topic/4405750-depreciation-schedules-4/#post-4662830 Wed, 01 Feb 2012 23:07:06 +0000 Hi RC388,As you are aware the fees for tax depreciation reports range from $99 up to $1,500 and all providers are claiming to get you more than the next person. The products available today vary as much as the fees and if anything the fee is probably the worst indication of quality for a few reasons.  Firstly, some organisations provide too much d…[Read more]

]]> 87b8c462f7441aedf6936d2f628bf003 https://www.propertyinvesting.com/topic/4405724-living-in-ppor-but-renting-out-rooms-claiming-expenses/#post-4662691 Tue, 31 Jan 2012 03:02:03 +0000 In order to calculate the depreciable values of all fixtures & fittings (i.e carpets, blinds, kitchen appliances, hot water systems, air conditioners etc), the building itself and common areas (if it's a unit) you will require a tax depreciation schedule to be completed by a qualified Quantity Surveyor.The report will list every depreciable…[Read more]

]]> 242b6c8cc9942fffa6bb76515d959cd2 https://www.propertyinvesting.com/topic/4405724-living-in-ppor-but-renting-out-rooms-claiming-expenses/#post-4662689 Tue, 31 Jan 2012 02:09:00 +0000 Hi RyanJD,As you're renting out the additional rooms, you're not only entitled to claim a percentage on the interest charges & other expenses but you are also entitled to claim the same percentage on any tax depreciation claims available on the property.Due to the fact that it's income producing, you can claim depreciation on all the fixtures &…[Read more]

]]> 007315332a6c12f61da9fc774e9ed1f9 https://www.propertyinvesting.com/topic/4405712-did-you-know-that-you-can-claim-depreciation-on-your-overseas-property/#post-4662648 Sun, 29 Jan 2012 23:59:51 +0000 Hi Casperam,Yes, as a US citizen you are able to claim depreciation on your own IP's.Have a look at the IRS website for more details:http://www.irs.gov/publications/p527/ch02.html direct link to information on the IRS website.I hope this helps,

]]> 500b2a62a34a6947ba1e90e98eeb297d https://www.propertyinvesting.com/topic/4405702-higher-density-vs-medium-density-apartments/#post-4662569 Fri, 27 Jan 2012 00:05:58 +0000 From a tax depreciation point of view -The larger the unit development then the greater deductions will be available throughout common areas. As the complex possibly contains swimming pools, saunas, gyms, lifts, underground car parking, storage etc all of which you are entitled to claim a percentage of. In comparison to a medium sized d…[Read more]

]]> 27daf962b7d49915fc28a014fdf69818 https://www.propertyinvesting.com/topic/4405687-feasibility-help/#post-4662466 Tue, 24 Jan 2012 02:02:07 +0000 Hi David,Most estimators refer to construction cost guides like Rawlinsons http://www.rawlhouse.com/aust_construction_cost_guide.htmlConstruction costs are continually changing as a result of a couple of factors – labour costs, availability of materials, weather patterns etc. Depending on what you're looking to build we have a free construction…[Read more]

]]> a0a6004ff9809b08b3c8d8f5a39068ce https://www.propertyinvesting.com/topic/4405632-need-to-understand-depreciation/#post-4662117 Wed, 18 Jan 2012 01:26:08 +0000 Dear lulu1,Depreciation is classified as a non-cash tax deduction and covers all depreciable assets within an investment property along with capital works (should the property qualify for building write-off). The amount mentioned of $3,500 will help reduce your overall taxable income. If your current marginal tax rate is 30%, you'll be entitled…[Read more]

]]> d8740b650d21612633cb003f61dca0d0 https://www.propertyinvesting.com/topic/4405515-quantity-surveyor-brisbane/#post-4661293 Wed, 18 Jan 2012 01:20:45 +0000 Dear ledgend80,Based on the information provided, your property will certainly offer some form of depreciation benefits at tax time.  Yes, the current rulings state that if the property was built before July 18 1985, then the original structure doesn't qualify for building write-off. However, by using a registered Quantity Surveyor, they'll be…[Read more]

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