Understand the basics about what your property is potentially eligible for in terms of Tax Depreciation. Listen in to valuable information shared by Tuan Dong.
In this episode:
- What a Depreciation Schedule is and what you need to know about it.
- Potential tax deductions applicable to your property.
- The role of quantity surveyors and the tax depreciation report.
- The right time to prepare a depreciation schedule.
- What happens when you request the reports late and the deadlines.
- What can be done on renovated properties.
- Application of ATO Ruling May 2017
- Importance and value of the depreciation schedule
- The types and age of properties eligible for depreciation claims.
- Process of obtaining a depreciation schedule.
- Applicable fee for retrieving a report and its utilisation.