Depreciation deductions on property

Depreciation deductions on second-hand property

Depreciation deductions on second-hand property The Turnbull government passed legislation regarding how depreciation deductions on second-hand property can be claimed moving forward. Tyron Hyde, CEO of Washington Brown, highlighted six key takeaways from the legislation:    Those who acquire a second-hand residential property after May 10, 2017, which contains previously used depreciating assets, will no…

why renovate

Why renovate?

Why renovate? That’s the question that we are trying to answer today! Many homeowners and investors renovate their properties with the objective of adding value and maximising their return, either in the form of a higher sales price for a residential property, or a higher rental income for an investment property. However, many Australian homeowners…