Commercial Property and Your SMSF — Understand The True Benefits

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Self Managed Super Funds & Property Depreciation (Part 1).

FOR MANY AUSTRALIANS, superannuation is one of the most important investments they have to help them save for the future. 


Although most people may choose professionally managed super funds, an emerging trend has seen a growing number of people who elect to set up a Self Managed Super Fund (SMSF).


A few Facts

According to the Australian Taxation Office (ATO): In the four years leading up to the 30 June 2012, the SMSF sector grew by $109 billion or 33 per cent. In dollar terms, this represents the strongest growing super sector. The SMSF sector contributed the largest proportion of overall growth with 42 per cent of the total growth in super assets.
 [Read more…]

Maximise Your Tax Benefits on Commercial Property

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WHEN INVESTORS purchase a Commercial property, they will often consider renovating the property after settlement. Especially, if it is an older property in need of a face-lift before tenanting.

By renovating your Commercial property, you can create additional equity and generate extra rent in the process. But the real benefit is that you can also claim thousands of dollars in depreciation deductions — whenever renovations are done to your property. [Read more…]

Commercial Property Owners Could Be Saving $’000s in Depreciation

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COMMERCIAL building owners still remain unaware of the full taxation benefits their property could generate. One of the most worthwhile (yet often missed) deductions available is building depreciation.

As a building gets older and items within it age, they depreciate in value. The Australian Taxation Office (ATO) recognises this and allows property investors to claim deductions relating to the wear and tear on buildings and the fixtures and fittings within.

Claiming depreciation is the key to increasing the cash flow you generate from your Commercial properties. [Read more…]

FAQs About Depreciation

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AS WE APPROACH the end of the financial year, many Commercial property owners often seem rather confused as to all the Depreciation deductions they might be entitled to.

To help you, here are the most commonly asked questions — purely to highlight just how depreciation can significantly bolster the overall cash return you can extract from your Commercial property.

1. What actually is Depreciation? [Read more…]

The Tax Man and You

TaxDepreciationBEING A COMMERCIAL property owner, the Australian tax system allows you to claim a deduction from your income.

And that relates to the wear and tear upon the structure of a commercial property, and the depreciation of the plant and equipment items it contains.

Depreciation is available to all property owners who generate an income from that property. But the secret is to make sure you maximise these deductions, to boost your bottom-line cash flow.

By maximizing your tax depreciation deductions every financial year can make a huge difference to the tax you pay. And it may even result in the ATO paying money back to you, at the end of the year.

A few facts about Depreciation for Commercial Properties [Read more…]