Tax Savings & Write-Offs
Tax deductions and write-offs for investment property owners.
14 expert articles in this category, written by Koste's Chartered Quantity Surveyors.
What can I claim at tax time as a property investor?
At tax time, property investors can claim a broad range of expenses — from loan interest and management fees to depreciation on the building…
How can I reduce tax on my rental property legally?
There are several legitimate ATO-approved strategies to reduce the tax you pay on your investment property — and most investors are not usin…
Can I claim assets under $300 immediately?
You may be able to claim some rental property assets costing $300 or less immediately, but only if the ATO conditions are met. The asset mus…
Can I claim carpet, blinds and curtains in a rental property?
Carpet, blinds and curtains may be depreciable if they are new assets purchased for an income-producing rental property. If they were alread…
Can I amend prior year tax returns to claim missed depreciation?
You may be able to amend prior year tax returns to claim missed depreciation, depending on amendment time limits and your circumstances. You…
What property deductions do investors commonly miss?
Investors often miss deductions for depreciation, capital works, common property, previous owner renovations, new assets and scrapped items.…
What investment property expenses are immediately deductible?
Some rental property expenses may be immediately deductible, such as certain repairs, property management fees and smaller eligible asset pu…
What is the low-value pool for investment property assets?
The low-value pool allows some lower-cost or low-value depreciating assets to be depreciated at accelerated rates. It can help investors cla…
Can I claim new appliances in my rental property?
Yes, new appliances purchased for an income-producing rental property may be depreciable. The claim depends on the asset cost, date purchase…
Can I claim a new air conditioner in my investment property?
A new air conditioner installed in an income-producing investment property may be depreciable. The claim depends on whether it is a new asse…
Can I claim furniture in a furnished rental property?
Furniture in a furnished rental property may be depreciable if it is used to produce rental income. The treatment depends on whether the fur…
What can I claim on my investment property to save tax?
Investment property owners may be able to claim a range of deductions, including loan interest, property management fees, repairs, depreciat…
How far back can I claim missed depreciation?
How far back you can claim missed depreciation depends on amendment time limits and your circumstances. Even if prior years cannot be amende…
Can I write off assets in my investment property?
Some investment property assets may be written off immediately, while others need to be depreciated over time. The treatment depends on the …
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