Insights into the SUCCESS of The Block and why its properties are attractive to investors
Insights into the SUCCESS of The Block and why its properties are attractive to investors.
THE EXPATRIATE Tax Depreciation Specialist Bradley Beer from BMT Tax Depreciation and Quantity Surveyors shares his insights into why The Block Properties are so attractive to astute property investors
Tax Depreciation FAQ
Tax Depreciation FAQ
What is depreciation?
As a building gets older and items within it wear out, they depreciate in value. The Australian Taxation Office (ATO) allows property investors to claim a deduction relating to the building and fixtures it contains. Depreciation can be claimed by any owner of an income-producing property. This deduction essentially reduces the investment property owner’s taxable income.
Changes to Australia’s tax residency rules on the agenda, again - 2022 Update.
On Wednesday 24 August 2022, Assistant Treasurer and Minister for Financial Services Stephen Jones reminded us that the proposed changes to Australia’s tax residency rules are currently under review by the government, as is the controversial “45-day rule”.
5 Tax Tips for Expatriates Returning to Australia
5 Tax Tips for Expatriates Returning to Australia. We know you have plenty of things to do when planning for your return back to life in Australia. Not least is to organise your Australian tax affairs. Australia’s tax system is complicated and can be costly for the unaware. After all, you don’t want to have tax regrets just because you didn’t get around to proper planning before arriving back in Australia.