The Dirt On Property Depreciation
What’s depreciation? In a nutshell, it’s an allowance under tax laws in Australia for investors. It means they can claim deductions for expenditures in their property investments.
Why depreciation? Even extremely well-built houses aren’t imm...
Read moreSafety Reversal Check For Automatic Garage Door
In most houses, the largest moving object is a garage door. Newer garage doors are often operated remotely through radio controls, electrical systems, pulleys and motors.
Serious injury or death from being hit by a closing garage door or from bein...
Read moreDo you think that property you are looking to buy has asbestos?
If the house you are looking to buy was built or renovated before 1990, it is likely that it will contain some form of asbestos-containing materials.
Did you know that approximately one-third of homes built in Australia contain asbestos products?
...
Read moreConcrete stumps are not immune to decay under extreme conditions.
Many elevated properties sit on some type of stump support whether it be timber , steel , masonry or concrete . Whist most people would consider concrete stumps to be maintenance free , this is far from the truth .
Recently one of our Building Inspe...
Read moreThe Block's Depreciation Schedules And You
So, “investors could claim an average of over $2.2 million in depreciation deductions for each apartment on Channel 9’s 2016 season of The Block,” according to new analysis reported by The Urban Developer.
By far the biggest potential deprec...
Read moreHow do I go back to my home after Fire Damage?
A fire is a traumatic experience, and it can cause more damage than what you can see initially. Beyond the physical fire damage, you must also consider the smoke and soot contamination. Both can be dangerous and costly.
Fire damage can extend to t...
Read moreWhat Victoria’s New Tenancy Laws Mean For Landlords
Victoria’s new tenancy laws mean that landlords need to pay extra attention to basic standards, especially relating to health and safety. These include (but are not limited to) providing functioning heaters, stoves and even deadlocks. Furthermore, ...
Read moreThe D-Word: Time To Talk Depreciation
Sad fact: Many Australian rental property owners are failing to correctly calculate depreciation.
“I have often seen clients who have owned investment properties for five, six or seven years and have never claimed any form of depreciation becaus...
Read moreDepreciation - A Most Valuable Deduction
Looking to claim? For property owners, depreciation is the gift that keeps on giving and another reason to talk with the professionals at Jim’s Building Inspections. To wit, investors deduct the amount of income-producing assets in decline over the...
Read moreWhat does Domestic Building Insurance means to Builder or an Owner Builder in Victoria.
Whether you are a homeowner who is using a Builder or an Owner Builder, it is mandatory to get a domestic building insurance.
If you undertake domestic building work worth more than $16,000, then you need domestic building insurance.
Furthermore,...
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