Services

Property depreciation

Inspection of property to

Determine detailed valuations of plant 

Allocate all eligible renovations, extensions & original building & structural improvements to capital works deductions based on actual costs provided or estimated from construction databases

Allocation of plant into Low-value pool & $300 items according to the cost of the interest in the asset for each owner in separate reports.

Business Assets Depreciation

 

Calculate the cost of the asset including the first element of cost that is incurred with holding the asset & the second element of cost incurred to bring the asset to its present condition & location such as the cost of improving the asset. 

 

How I can maximise your up-front deductions & after tax return cash flow

Apportionment of the total cost of each depreciating asset into the cost of the interest in the asset according to each owners legal interest in the property or business asset & producing a separate report for each owner with the cost of their interest in all depreciable assets allocated. When there is more than one owner of the property or business asset: this usually means more plant assets are incorporated in the Low Value Pool & $300 items if any thus, maximising each owners up-front deductions. (The Low Value Pool is deducted at 37.5% per annum whilst $300 items are deducted at 100% for the first year.) Note: $300 items only apply to non-business depreciating assets.

 

Plant and Low Value Pool assets depreciate from installation date ready to use and any subsequent buyer of the business plant asset or investment property plant asset inherits the remaining depreciation of that plant asset from settlement of the purchase. Plant assets depreciate at a high rate thus giving larger early after tax cash flow deductions.

By updating the movement of plant to Low Value Pool as plant depreciates to less than $1,000 I can increase the up-front deductions & cash flow

 

Balancing Adjustment Reports

 

For when a property owner or business asset holder sells, disposes or no longer holds or uses the property or business asset. See Home page for further information.