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Make your home work harder for you

By the resi financial blog team, 26 March 2015

Make your home work harder for you

Many Australian’s own their primary place of residence, but an increasing number are making the swap from living in their property to using it as an investment for their future. 

There are a number of key factors that should be addressed to gain the maximum benefit from renting out your home. Investing in a tax depreciation schedule from a specialist Quantity Surveyor such as BMT Tax Depreciation will maximise cash returns on the property once it begins to generate income.

Your tax situation will be transformed

When an owne ...

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Depreciation differences: old versus new residential properties

By the resi financial blog team, 24 February 2015

Finances

Property depreciation is a non-cash tax deduction available to the owners of income producing properties.


As a building gets older, items wear out – they depreciate. The Australian Taxation Office (ATO) allows property owners to claim this depreciation as a tax deduction. Depreciation on mechanical and removable plant and equipment items such as carpets, stoves, blinds, hot water systems, light shades and heaters are all valid deductions. There are also deductions available for the wear and tear of the structural element of a building, commonly called a capi ...

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What to consider when insuring your property

By the resi financial blog team, 21 January 2015

What to consider when insuring your property

While insurance is a topic we all hate to discuss, in this country of drought and flooding rains (as well as raging bushfires and torrential storms) not properly insuring your property is too big a risk to ignore.

Underinsurance is a key problem in Australia. And it’s only when a tragedy such as a bushfire or flood occurs and everything is lost, does the importance of having insurance sink in.

So what are the key considerations?

Premiums are generally renewed once a year. Make this the time to check to see you are properly covered. And don&rsquo ...

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Four reasons investors should claim depreciation in the New Year

By the resi financial blog team, 06 January 2015

Four reasons investors should claim depreciation in the New Year

As we enter a New Year, many investors might be formulating their annual New Years resolutions. 

Investors often think about the ways they can reduce the costs of owning an investment property and wonder how they could boost the cash flow earned. However when they do so, the deductions they can claim via depreciation are not always at the top of their list when it comes to saving money. 

Around 80% of investors still do not maximise the depreciation deductions available from their investment property, so this is a very good reason why investors should ...

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Top 5: Finance & property quotes week commencing December 29

By the resi financial blog team, 05 January 2015

Sydney and New York predicted to be only luxury real estate growth markets in 2015.

The New Year is off to a good start and government and businesses across the country are gearing up to improve their financial performance in 2015. Improving trade partnerships and local infrastructure are just some of the ways in which the year will see increased investment and productivity.

#1. The national mint has officially released the first coin for 2015. The uncirculated coins commemorate 100 years since the Gallipoli Campaign and the role of the ANZAC soldiers there. These are sure to be of value to both historians and investors alike. Some of the gold coins relea ...

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