Tax Allowance Services in Rossmoyne, Western Australia, Australia | Professional service

Tax Allowance Services

Locality: Rossmoyne, Western Australia, Australia

Phone: +61 449 093 803

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12.01.2022 Paying too much tax? Don't miss out on claiming your depreciation deductions! If you own an investment property and you have not had it professionally assessed for depreciation allowances, chances are you will pay too much tax! ... Established in 2009, Tax Allowance Services is a respected service provider in Australia and is fully endorsed by the Australian Tax Practitioners Board to be a registered tax agent. Each year we prepare numerous residential and commercial reports delivering significant depreciation savings to our customers. Exclusive Offer As a valued customer you can get a report from just $595 located within the Perth metropolitan area which is fully tax deductible. Guaranteed Savings Tax Allowance Services guarantees you to save you twice our fee in deductions in your first year, or your Depreciation Report will be FREE!

01.01.2022 On 7 September 2017 the government released its Housing Tax Integrity Bill into Parliament to give effect to its Budget announcement regarding investors in residential property and was passed through the senate on 15th November with the Bill confirmed as legislation. Essentially the new rules apply to plant and equipment installed in residential rental properties at the time the premises were acquired. The Bill confirms that the rules will apply to depreciable assets installe...d in existing residential properties at the time the premises are acquired for rental purposes. Although the new rules affect second-hand residential properties, the good news is that there are still substantial dollars to be claimed. Capital works deductions for new and second-hand properties which make upwards of 85% of claims are unaffected regardless of when the property was purchased. Purchasers of brand new residential and substantially renovated properties, commercial real estate or add new plant and equipment assets to a second-hand residential properties can still claim substantial depreciation deductions. Tax Allowance Services found our clients an average of $7,842 in first-year tax deductions for all residential properties in the financial year 2017-2018. For clients with properties directly affected by the legislation changes, we still found an average of $6,665 in deductions per year.