WRC Quantity Surveying Tax Depreciation Specialists in Rochedale, Queensland, Australia | Property

WRC Quantity Surveying Tax Depreciation Specialists

Locality: Rochedale, Queensland, Australia

Phone: +61 422 401 509

Address: 549 Grieve Rd. Rochedale 4123 Rochedale, QLD, Australia

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

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19.01.2022 This little 70’s built shop may not look like much. But there’s over $234,000 worth of renovations packed inside - and out. All claimable through tax depreciation. This investor is set to reap the rewards of investing in a tax depreciation report.

14.01.2022 What Backyard tax deductions - can you get - with a Quantity Surveyors Report Private yards and communal yards ...I’ll start with private yards first. ... On the typical residential block you have thousands of dollars worth of depreciation entitlements waiting to be claimed. Driveways Paving Fencing Retaining walls Sheds Swimming pools Even cubby houses (fixed in position) But there are Some less obvious tax depreciation claimable items you can claim too; Clothes lines TV antennas Drainage grates Letterboxes speed bumps Even - Frog ponds All of the above are claimable in the div 40 (Capital Works Allowance) schedule at 2.5% pa. ->->Here’s an example of how it works<-<- Let’s say you have a swimming pool, pool fencing and paving at $40,000 Plus, your share of the new boundary fence was $4,000. And on top of that, your new letterbox and clothes line were replaced for a total of $1,000 All up you have $45,000 of claimable entitlements. ...Not to forget the existing driveway, paving and garden shed. Say these all add up to $20,000 That’s $65,000 total. At 2.5% pa your deductible amount will be $1,625 per year. ...Not a bad tax write off each year Communal yards (shared) When looking at Communal yards we have to take into account your share - or apportionment. If your unit is one of 50 in the building, communal items must be divided by 50 to get your share. On the face of it, that doesn’t sound like much of a deduction. But big complexes typically have lots of claimable capital works. Take for example a modern inner city residential tower development. Developers want to sell those units FAST and throw everything at them. Expansive pools, BBQ areas, shelters, party rooms and more. And they get expensive. There could be $500,000+ worth of claimable capital works. Divided by 50 that’s still $10,000 of deductions for you to claim each and every year at 2.5% Whether your property is a house or a unit, there will be tax deductions hiding in your yard - if you know where to look. So don’t let those tax entitlements go unclaimed this year. For more info on what you can - and can’t - claim in depreciation, simply get in touch and I’ll help clarify it. All the best, William Callaghan A.I.Q.S. (Affl) Get in touch at [email protected]

13.01.2022 [Just Built] 2020 Dual-key house nets Owner $142.17 per-week in tax REFUNDS for 80-weeks straight! You may do even better with your Tax Depreciation Report! Plus: Agent gets tentants for both ‘keys’ within 1hr of viewing - about $800/wk rent return

05.01.2022 Construction on the new church in Hillcrest is progressing well. Not long now till it’s handover! ...another successful project for us at WRCQS

02.01.2022 I just love the names of Qld suburbs. And Biddaddaba has got to be one of the best! Inspected this rural property for CGT valuations. ... Wonderful rural spot with mountains country views.

01.01.2022 The market looks promising for SEQ