Depreciator in Sydney, Australia | Shopping & retail

Depreciator

Locality: Sydney, Australia

Phone: +61 1300 660 033

Address: 515 Kent St Level 3 2000 Sydney, NSW, Australia

Website: http://www.depreciator.com.au/

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25.01.2022 Thats another year done - almost. Good to see the Sydney and Melbourne property markets having a run again. A bounce after such a short downturn is a bit unnerving, though. We are hoping things become a bit easier for investors next year. Well be monitoring calls and emails over the break.

25.01.2022 Tax season is here. Despite all that is happening, there will still be a June 30 and property investors this year will need every deduction they can get. Do you have a friend you think might need a Depreciation Schedule? Do you want to earn yourself a $40 EFTPOS card? Just refer your friend. See the link on the front page of our site: https://depreciator.com.au/

25.01.2022 We had a client ask us this week if she could keep using the Depreciation Schedule we did for her a few years ago if she had moved into the property and was moving out again. Sorry, no dice. The 2017 changes to the rules around depreciation mean her Depreciation Schedule needed to change. Of course, we did that for no charge. If you need a new Depreciation Schedule or an old one adjusted, get in touch: https://depreciator.com.au/

25.01.2022 Do you need a Depreciation Schedule to complete your 18/19 tax return before the October 31 deadline? If you do, you havdbest get onto it. If you act quickly, so will we. Call us now on 1300 660033 to get things moving.

24.01.2022 Lets talk about rental vacancies. There were reports this week they are hitting 10% in some city CBDs. So what can you do if you have a vacant property surrounded by other vacant properties? The first thing you can do is make sure you are claiming full depreciation. Talk to us about that: https://depreciator.com.au/ Then think about how you can make your property stand out. A client told us last week they had installed a big wall mounted TV in the apartment they were trying to rent out. It worked. And other client with a vacant townhouse put a new BBQ in the courtyard. That worked, too. Those things helped their properties stand out. And the clients depreciate those items.

22.01.2022 Okay, with the country hesitantly coming out of lock-down, its time to flick the switch and start talking about tax. Regardless of everything that is happening, there will still be a June 30 and more than ever property investors will want to claim every deduction they can. And for many people, depreciation is their largest deduction. We can tell you over the phone how much depreciation you might be able to claim. Go here to make an enquiry: https://admin.depreciator.com.au/websitebookings/JobAdd.asp

21.01.2022 June 30 is creeping up on us. If you have been putting off spending anything on your rental property, now is the time to do it. Any Assets you add now that are valued at under $300 get claimed in full when you do your 19/20 tax return. Any Assets valued at $300-$1,000 can be claimed at 18.75% and then 37.5% next year. If we have already done a Depreciation Schedule for you, we will add these items and issue a new Schedule - free of charge. If you need a Depreciation Schedule, youd best get in touch: https://depreciator.com.au/

21.01.2022 Okay, its the afternoon of June 29. If you want to pay for a Depreciation Schedule before June 30, its credits cards only. Give us a call or pay online (and get a discount): https://depreciator.com.au/order-your-depreciation-schedul/

20.01.2022 The good news is that house prices have not moved much. Sure, any movement has been down, but the drop has been insignificant relative to the gains over just the last year. The bad news is that rents are dropping and there are lots of vacant properties - especially those in areas where international students live. Remember, if you own a vacant rental property, you can still claim depreciation. Are you claiming all the depreciation you can? In a short chat we can help you make sure. Get in touch with us here: https://depreciator.com.au/

19.01.2022 So we are nearly at the pointy end of the financial year. If you will need a Depreciation Schedule for your 18/19 tax return, you will want to pay for it before June 30 so you can claim the 100% deductible fee. The Schedule itself just needs to be ready for when you see your accountant.

19.01.2022 Are you ready for the second wave? Not the second wave of the virus, but are you ready for what will happen in September when Job Keeper finishes and Job Seeker gets wound back? There will be another round of tenant problems then. Be prepared. And make sure your property manager is prepared. And of course, make sure you are claiming ALL tax deductions - especially the big one, depreciation. Order your Depreciation Schedule here: https://depreciator.com.au/

17.01.2022 Well, we finally have some clarity on commercial leases. The federal government has released details on the mandatory Commercial Tenancies Code. This will be legislated and managed by the states and territories. The broad aim is to keep tenancies in place for when we get through all this. You can find more details here: https://depreciator.com.au/mandatory-industry-code-for-com/ Still nothing concrete for residential tenants - and there are many more of them than there are commercial.

15.01.2022 We are ready for the second wave. No, not that virus. The second wave we talk about is when clients go and see their accountants to get their tax done and their accountant says, What? You bought a rental property last year without telling me? I bet you didnt get a Depreciation Schedule. Im going to get someone to call you... It makes so much more sense to organise your Depreciation Schedule BEFORE you go an see your accountant. You can order and pay for one here: https://depreciator.com.au/order-your-depreciation-schedul/ You will even get a discount for doing it online.

14.01.2022 The Queensland government have edged ahead in the (slow) race to find the most sensible solution for residential landlords and tenants. Their idea is that tenants should prove they cant pay rent during the current crisis. Makes sense. Property managers quiz new tenants on their ability to pay before they allow them to sign a lease, so it makes sense that they quiz them if the tenant seeks to vary their arrangement. You can read more here: https://depreciator.com.au/qld-tenants-to-prove-they-cant-/

14.01.2022 Not long now till June 30. Remember, if youll need a Depreciation Schedule to complete your tax return this year, you need to pay for it before June 30 to claim the 100% deductible fee. You can now order and pay for your Depreciation Schedule online. That will lock in your deduction. Then we will get the Depreciation Schedule done before you go and see your accountant. Here is where you go to order: https://depreciator.com.au/order-your-depreciation-schedul/

13.01.2022 So where to now for property prices? There has been lots of speculation including from the usual suspects who have predicted price falls of up to 40%. Of course some of them have been predicting that for well over 10 years. Shane Oliver from AMP Capital has some much more measured comments. He sees the unemployment rate being a principle driver and predicts that some capital cities will see little reduction at all. Read the article here: https://depreciator.com.au/housing-prices-in-the-first-hal/

13.01.2022 Well, very soon after the election that surprised everyone, we have some positive movement from APRA. In a nutshell, The banking regulator has proposed the rules they put in place for lenders be eased off so people can borrow more money. This will most benefit owner occupiers, but investors will also feel some of the love. The rules were put in place to cool the property market. Job done, a nd brighter times ahead. https://www.smh.com.au//apra-moves-to-scrap-7-percent-mort

13.01.2022 'Can I use the previous owner's Depreciation Schedule?' That's a question we get asked often. The answer is, 'Sort of. Perhaps.' There were changes to the rules in 2017 that will affect you if you bought the property after May 2017. But there might be information in that old Schedule that will make it cheaper to get a new one. Call us and we can explain or put through an enquiry and we'll call you: https://depreciator.com.au/

13.01.2022 How do you know if a property is worth claiming depreciation on? Well, if its a residential property built after 1987, its always worth doing. But lets say you buy an older property and the previous owner has done a renovation in the last 30 years. That reno can also be depreciated. Dont know the cost of the reno? Thats where we come in - well estimate it. Not sure whether your property has been renovated? We can tell you by looking at some photos. In a quick phone call we can tell you how much depreciation might be in your property. Its ALWAYS worth a call. And now is the time to make that call. Find us here: https://depreciator.com.au/

12.01.2022 Lets talk about Special Levies. Three times last week we had clients call and ask whether their Special Levy payment should be depreciated, or whether it could be expensed. The answer is: it depends. It depends in part on the nature of the work being funded, and how long you have been renting out the property. We expand on this in the Free eBook available on our website. You can also order a Depreciation Schedule there - and get a discount: https://depreciator.com.au/

12.01.2022 Will you need a Depreciation Schedule this year to complete your tax return? Best act now. The world is gradually opening up again, but if this virus comes back the screws will be tightened again. Organise your 100% deductible Depreciation Schedule now. Ask us about our guarantee and free estimate: https://admin.depreciator.com.au/websitebookings/JobAdd.asp

12.01.2022 All property investors have been following the problems that have come to light with apartment buildings. Its a cautionary tale. Anybody buying into an established building needs to scour the minutes of the strata committee. Its an easy thing to do. You can pay someone to do a strata search, or do it yourself. Problems with a building that go back a few years will have been talked about in meetings and there will be minutes.

12.01.2022 Well, it wasnt long ago that we were laughing at people hoarding toilet paper. Things are changing quickly. We are still doing Depreciation Schedules, so you can still get in touch with us. Those tax deductions would be more important than ever for many people right now. Did you know that instead of waiting for a refund when you do your tax return at the end of the year, you can reduce the amount of tax you pay NOW? Its called a Tax Variation. Smart investors have been doing it for 20 years. And you can, too. Your accountant can sort it out, or you can do it yourself: https://www.ato.gov.au/Forms/PAYG-withholding-e-variation/

11.01.2022 The ATO are warning property investors again what they are cracking down on this year. Theyre determined to get the message out. Earlier this year in checking the returns of 300 property investors they found errors in 90% of cases. Some of those errors would be due to people having dud Depreciation Schedules. You dont want to be one of them. Call us now on 1300 660033 to order a correct Depreciation Schedule - and claim our fee before June 30. https://www.domain.com.au//heres-what-the-ato-is-cracking/

09.01.2022 Are you worried about organising a Depreciation Schedule before June 30? Dont be. The most important thing to do is pay for for your 100% deductible Depreciation Schedule by June 30. That way you claim the fee back quickly. The document itself just needs to be done before you go and see your accountant. To save you time, you can book and pay for your Depreciation Schedule online. Just click on this link: https://depreciator.com.au/order-your-depreciation-schedul/

09.01.2022 We are still managing to inspect properties in Melbourne for Depreciation Schedules, but the window is slowly closing. If you own a property in Melbourne and need a Depreciation Schedule to complete your 19/20 tax return, you need to act quickly. Call us or go here and book and pay online - you might even get a discount:https://depreciator.com.au/order-your-depreciation-schedu/

09.01.2022 In todays National Cabinet meeting, plans will be tabled to provide relief for with commercial tenants. Well have some concrete details early next week, but there will be some pain for commercial and residential landlords. All the more reason to claim every deduction you can. We are still doing inspections for Depreciation Schedules, but the window may close at any time. Get in touch with us ASAP; www.depreciator.com.au

08.01.2022 Its been a year of confusion and disruption for property investors. We had the bushfires, and then that virus. We found a great summary from the ATO that has some great tips. Did you know that if you have deferred your loan payments, you can still claim the interest as a deduction this year? You can find the article here: https://depreciator.com.au/your-must-have-2020-update-from/ Have you paid for your Depreciation Schedule? You are running out time. You can do it online here: https://depreciator.com.au/order-your-depreciation-schedul/

07.01.2022 We heard this week about another building with problems that has not hit the news - yet. Owners try to keep this stuff from leaking out becasue it affects the value of their apartments. When buying in established buildings, read the strata minutes. We have mentioned that before. When buying in a new building, ideally buy from developers who have a good track record. Experienced developers with large businesses have reputations to protect - and often share holders to anser to. First time developers have less to lose.

07.01.2022 Fire/flood damage and depreciation. We are getting a lot of calls from clients who have had rental properties affected by fires and now floods. Its a bit tricky and you should talk to your accountant. Generally speaking, if an insurance company fixes the damage, you dont need us. Equally, if an insurance company pays you and you fix the damage, you dont need us. Thats because you have not had to spend anything. If you were not insured and had to pay for repairs yourself,... your accountant will try to claim as much as possible as repairs. If there are Assets that have been disposed of, your accountant can use your Depreciation Schedule to work out the written-down value of those items when disposed of. If you elect to improve the property, thats where we can help. Were always happy to have a chat. Scott would be the best person to talk to. See more

06.01.2022 The NSW treasurer was on ABC radio yesterday morning being quizzed on the tenant/landlord tussle. He said there were plans to look at this next month - yep. In the meantime he hoped everybody would play nice. See here for the latest state by stage guidance and how to deal with this dilemma: https://depreciator.com.au/state-by-state-coronavirus-covi/

06.01.2022 To make things easier and quicker for you as we head toward June 30, you can now order and pay for your Depreciation Schedule online in a few easy steps. Youll even get a bit of a discount. Check out the new order online link on our website: https://depreciator.com.au/

05.01.2022 So Airbnb are handing over to the ATO the income data on 190,000 Airbnb hosts. Gulp. All those hosts who have not been declaring their Airbnb income will be receiving a letter from the ATO. They will then need to declare that income and claim all the deductions they can. And the big one will be depreciation. If you are affected, you had best call us for a chat - 1300 660033. We will maximise your depreciation for you. https://www.smh.com.au//not-a-crackdown-airbnb-defends-han

03.01.2022 If your rental property needs money spent on it, this is the week to do it. Repairs? Assets under $300? You claim them in full this financial year if you spend the money before June 30. Know what you can also claim immediately? The cost of your Depreciation Schedule. Order and pay for it online and you will get a discount. Heres where to go: https://depreciator.com.au/order-your-depreciation-schedul/

03.01.2022 Twice this week we have had clients ask us if they can still claim depreciation even though their tenants are not paying rent - covid related. It seems obvious, but the answer is 'yes'. You can claim depreciation when your property is 'available to let'. You don't even need tenants in the property to claim depreciation as long as the property is genuinely available to let. And if you do have a vacant property, you want all the tax deductions you can get. Let's talk: https://depreciator.com.au/

02.01.2022 There was a stampede of property investors a few years ago into Airbnb. Now its a rush for the exit as people turn their Airbnbs into long term rentals. The ATO have their eye on people with Airbnbs. Keep good records of what you do with the furniture. If you sell it, that money is income. If you give it away, you should be able to write-off the value of it. You should have that furniture in your Depreciation Schedule. Whats that? You dont have a Depreciation Schedule? You need to get in touch with us: https://admin.depreciator.com.au/websitebookings/JobAdd.asp

02.01.2022 There has finally been some clarity - sort of - for residential landlords. The overriding (and probably forlorn) national hope is that landlords and tenants will sit down and work things out. But there is some state by state guidance if the friendly chat doesnt work. Because the details are different for every state, we thought we would give you a credible link for each state where you can find some good guidance. You can find that here: https://depreciator.com.au/state-by-state-coronavirus-covi/

02.01.2022 So far so good for the rest of the country. There have been no issues with inspections for us anywhere except Melbourne. The screws are tightening down there, so dont delay. If you need a Depreciation Schedule to do your tax return, dont delay. Go here and book it online - and get a discount: https://depreciator.com.au/order-your-depreciation-schedul/

02.01.2022 The 6 month moratorium on tenant evictions is causing a bit of confusion out there - we have had some clients asking us about it. Hopefully there will be some clarity soon. Housing Minister Michael Sukkar was interviewed on this recently. You can read more here: https://depreciator.com.au/moratorium-on-evictions-in-resp/

02.01.2022 We have spoken to a few Airbnb owners of late who have lost all their bookings. Every single one of them. Some are in the process of turning their Airbnbs back into traditional rentals. One we spoke to today didnt realise that depreciation can be claimed even when a property is vacant. Its the tax deduction that keeps on giving. Are you claiming all the depreciation you are entitled to? We should talk: https://admin.depreciator.com.au/websitebookings/JobAdd.asp