Does Your Accountant Claim Scrapping after Renovation?Does Your Accountant Claim Scrapping after Renovation?

Scrapping is another benefit that comes from a renovation of your investment property. The removal and disposal of any potentially depreciable works of assets from an investment property can unlock additional deductions. The scrap[ping value is essentially the unclaimed or undeducted depreciable value of an asset at the time of{...}

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Common tax traps for residential rental properties Common tax traps for residential rental properties 

Getting claims right is more important than ever with the ATO’s increased focus on residential rental properties. • 11 April 2024 • Steven P. Rider CPA As we approach the end of the income year, this is an ideal time to look at the traps that can trip up agents when preparing{...}

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