Investors who self-assess or estimate costs based on their own judgement when lodging their tax return are potentially missing out on thousands of dollars, according to BMT Tax Depreciation.
Owners of income-producing properties can claim the wear and tear of certain outdoor structures and assets as a depreciation deduction when completing their annual income tax returns with their accountant.
REISA vows to meet with government on land tax following survey results
The Real Estate Institute of South Australia has signalled its intention to meet with the government to discuss proposed land tax changes after 93 per cent of its members said they did not agree with the plans laid out in this year's state budget.
All eight capital cities saw an improvement in the Housing Industry Association Affordability Index for the June 2019 quarter, with Darwin showing the greatest improvement, its index up by 4.8 per cent.
Ray White and REIA welcome SQM report on Labor's negative gearing policy
Labor's controversial negative gearing policy continues to be scrutinised by the real estate sector, with REIA President Adrian Kelly and Ray White Managing Director Dan White throwing their support behind new research from SQM showing rents could spike under the plan.
