Corporate Blog
The team at Washington Brown regularly contribute to this blog with news, tips and industry changes – so if you’re a property investor; bookmark this page and check back regularly. Or join our mailing list.
Negative Gearing Policy Changes Survey Results Report
With the proposed changes to Negative Gearing being such a “Hot Topic,” we asked our database to let us know their opinions. I was blown away by the number of respondents! Below is an interesting summary of the survey results. For a more detailed look at the proposed policy changes and my thoughts on the […]
Should Negative Gearing Change?
Labor’s Negative Gearing Policy I get it. I get why a large proportion of Australians are against the tax deductions available to ‘negatively geared’ property investors. And I agree (in some ways) – that the current policy of allowing property investors to deduct their property losses against their wages could be improved (some/most of you […]
What is Depreciation Schedule?
Property depreciation is a legal tax deduction related to the ‘wear and tear’ of an investment property over time. A tax depreciation schedule outlines the deductions you may be entitled to claim each year of ownership on the Building Allowance (the structure itself including bricks, concrete, etc.) and, if eligible, on the Plant and Equipment […]
THE CGT Saver Report
Let me introduce you to our new product, the CGT Saver™ Report – A report specifically created to prevent our clients from paying too much in Capital Gains Tax. Although you can no-longer claim depreciation on second-hand Plant & Equipment Items (ovens, dishwashers, etc.), with Washington Brown’s CGT Saver™, you can claim the […]
Building Allowance Maximiser
Let’s talk about bricks and mortar. Or what the Government calls the Building Allowance. Whilst you can no longer claim depreciation on plant and equipment in second-hand investment properties, that’s the things like ovens, dishwasher etc. You can still claim the structure of the building, that’s the bricks, concrete, windows, tiling, etc. provided the […]
Holiday Home Depreciation New Laws
Can I still claim depreciation on plant and equipment on my holiday home if I use it twice a year? This is the biggest grey area of all the legislative changes in my view and one that will require further clarification moving forward. The Government in the Housing Tax Bill Explanatory Memorandum states that if a property […]
The Top 14 Depreciation Law Questions Arising from the Budget Changes
Well, the dust has finally settled on the new legislation regarding the Budget changes to depreciation that will apply to second-hand residential properties. In this article we will dig deep into some of the questions we have commonly been asked since the 9th of May 2017, when the changes were announced in the Federal Budget. […]
The Budget Change And How It Affects Our Rental Property
Dealing with your rental property post-budget change Before the budget change investors were entitled to claim plant and equipment and building allowance, so long as the property was built post-1987 and the property had settled within 10 years of getting the depreciation report, even if they had lived in the property prior, post or […]