If you own an investment property, tax depreciation could put serious money back in your pocket each year – yet many investors don’t realise what they can claim. With the right advice and a depreciation schedule prepared by a quantity surveyor, you could be saving thousands at tax time.
Missed claiming depreciation on your rental property? It’s not too late! Learn how a tax depreciation schedule can help you recover missed deductions, when you might need an update after renovations, and why a Quantity Surveyor is your ultimate ally for optimizing tax savings and achieving financial clarity.
The Albanese government is considering potential changes to negative gearing, a policy that allows property investors to offest losses against their taxable income. With rising interest rates and an ongoing debate around housing affordability, the future of negative gearing could have significant impacts on both investors and the federal budget.
The Senate Economics Legislation Committee has recommended extending the $20,000 instant asset write-off until June 2025, offering continued financial support for small businesses. Additionally, there are discussions about increasing this limit to $30,000 and making it permanent, which could simplify tax planning and encourage more investment.
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