How can we select a best Mortgage broker in Brisbane?

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  Understanding tax depreciation lingo can sometimes be confusing but as an investor, it’s important that you have a good understanding of the depreciation deductions you can claim to ensure you’re getting the most out of your investment property. As outlined by the Australian Taxation Office there are two categories that make up depreciation deductions - division 43 capital works deductions and division 40 plant and equipment depreciation. Capital works deductions are income tax deductions an investor can claim for the wear and tear that occurs to the structure of the property and items considered to be permanently fixed to the property. This includes any structural improvements that may have been made during a renovation within the relevant dates. In a residential property, capital works deductions cover the following items: Bricks, mortar, walls, flooring and wiring Built-in kitchen cupboards Clothes lines Doors and door furniture (handles, locks etc.) Driveways Fence...

  Understanding tax depreciation lingo can sometimes be confusing but as an investor, it’s important that you have a good understanding of the depreciation deductions you can claim to ensure you’re getting the most out of your investment property. As outlined by the Australian Taxation Office there are two categories that make up depreciation deductions - division 43 capital works deductions and division 40 plant and equipment depreciation. Capital works deductions  are income tax deductions an investor can claim for the wear and tear that occurs to the structure of the property and items considered to be permanently fixed to the property. This includes any structural improvements that may have been made during a renovation within the relevant dates. In a residential property, capital works deductions cover the following items: ·  Bricks, mortar, walls, flooring and wiring ·  Built-in kitchen cupboards ·  Clothes lines ·  Doors and door furniture (handles, ...