Building Practitioners Board Registration No. QS-1009 Tax Practitioners Board Registration No. 39766002 Member AIQS College of Expert Witnesses. One of the lesser known benefits of being a joint owner of an investment property is that the depreciation claims can be higher overall when split between two or more owners.
Splitting a Tax Depreciation Schedule between joint investment property owners will optimise deductions for plant and equipment if done as we do with our Quantity Surveyor Reports. Tax Depreciation on plant and equipment allows for eligible division 40 items with a value of $1,000 or less to be added to a low value pool and depreciated at 18% in the first year and 37% thereafter.
Splitting a Tax Depreciation Schedule between joint investment property owners will optimise deductions for plant and equipment if done as we do with our Quantity Surveyor Reports. Tax Depreciation on plant and equipment allows for eligible division 40 items with a value of $1,000 or less to be added to a low value pool and depreciated at 18% in the first year and 37% thereafter.
Services
It does to Abbcon Associates and that's why we can help your business mitigate risk in relation to "Make Good" matters. What is a "Schedule of Make Good"? Schedules of Make Good and Schedules of Dilapidations are one of the same type of building report, however property and legal professionals use either terminology to describe this type of report.
Courts are taking an increasingly interventionist approach to case handling and in the Land Court of QLD, the court is managing Expert Evidence and deciding what is admissable and what is not. Splitting Tax Depreciation amongst multiple owners can improve your bottom line One of the lesser known benefits of being a joint owner of an investment property is that the depreciation claims can be higher overall.
Courts are taking an increasingly interventionist approach to case handling and in the Land Court of QLD, the court is managing Expert Evidence and deciding what is admissable and what is not. This can lead to evidence being discounted where experts have been asked to address questions that the court decides are irrelevant and.
Reviews (4)
Ajay
Jul 04, 2021
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It was an absolute pleasure dealing with Erik. In addition to excellent communication, he was very generous with his time to answer my numerous questions. My depreciation report was completed in a timely manner even with lockdowns and end of financial year craziness. I would recommend his services to anyone
Rana Haris
Dec 03, 2020
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Big scammers. It is surely worth reading this review
I contacted Erik and requested him to visit my property for tax depreciation report which he agreed on and given me $550 price. 2 days later I received my report without even property inspection. When I asked the reason, Erik replied I could do without property inspection. Erik charged me a high fees for report without property inspection whereas all other competitors were giving me a better price for inspection report without inspecting. When I didn't find them adjusting their invoice. I paid off my invoice and Erik said he will make it $450
I contacted Erik and requested him to visit my property for tax depreciation report which he agreed on and given me $550 price. 2 days later I received my report without even property inspection. When I asked the reason, Erik replied I could do without property inspection. Erik charged me a high fees for report without property inspection whereas all other competitors were giving me a better price for inspection report without inspecting. When I didn't find them adjusting their invoice. I paid off my invoice and Erik said he will make it $450
Michael Tiemens
Sep 16, 2018
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Barbara Smith
Jan 25, 2016
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I am extremely happy with the service provided by Abbcon Associates for my depreciation reports. I have used Abbcon Associates for a number of my investment properties and each time, Erik has followed through with my requests but most importantly the detailed reports and the amount of the claims exceeded my expectations and I thank Erik wholeheartedly for his expertise and knowledge. My accountant was very impressed with Abbcon's reports which made his job very easy. I highly recommend.
