How Much Does a Depreciation Schedule Cost?

May 11th, 2022|

A depreciation schedule is a certified report that details all available tax depreciation deductions within a residential investment property or commercial building. Almost all properties – whether old or new – have depreciation to be claimed. A depreciation schedule must be completed by a specialist quantity surveyor. In this article, Property [...]

Prime Cost vs Diminishing Value: Depreciation Methods

March 24th, 2022|

Prime cost vs diminishing value: what’s the difference? Both options are methods of determining tax depreciation value over the effective life of a new purchase. Simply put, the prime cost depreciation method affords a fixed depreciation rate on the purchase of a brand-new asset. On the other hand, the diminishing value [...]

What Does Property Plant and Equipment Mean?

February 23rd, 2022|

What does plant and equipment mean in property? Good question! Property, plant, and equipment, known more commonly as PP&E, are long-term assets essential to any business operation. Property plant and equipment are tangible, fixed assets and cannot readily be liquidated like other assets like cash. The overall value of a company's [...]

Is Stamp Duty Tax Deductible?

March 29th, 2021|

If you’re a property owner or investor, you know that stamp duty is a significantly large expense when purchasing a property. As Australia’s leading quantity surveyor and tax depreciation schedule provider, we’re often asked “is stamp duty is tax deductible?” – a fair question, given that stamp duty is a form [...]

Depreciation of a Commercial Building

March 8th, 2021|

If you are the owner or tenant of a commercial building, chances are, you are often looking to maximise your tax returns and increase your cash flow. As leaders in the depreciation evaluation industry, here at Property Returns, we consider ourselves to be somewhat of an expert authority on the topic [...]

What Is Capital Gains Tax?

February 17th, 2021|

Many of us find the prospect of doing and lodging our own regular tax return daunting enough – and that’s without considering Capital Gains Tax. However, regardless of how complex and out-of-your-depth it may seem, if you’re managing multiple assets for personal or business purposes, it is absolutely crucial that you [...]