TAX DEPRECIATION SCHEDULE – EOFY TIPS | COMMERCIAL PROPERTY INVESTORS
Hi Mark Kilroy here, bringing the June monthly update. At the same time, we are nearly nearing the end of the financial year, one of the most important dates in the calendar year. It is the time of the year where investors, accountants, and finance teams pull together financial information to get ready for submission to the ATO.
Koste has already seen a significant increase in commercial jobs, earlier than usual. We have various asset types, from 5 star hotels in Newcastle and Vet in Sydney. All of them are enjoying deductions from speaking to our Quantity Surveyors. I personally love working on commercial projects. There are so many opportunities for landlords and tenants to maximise deductions through depreciation. Over the last few years, the government introduced the measure as part of the economic stimulus package, which may benefit small businesses owners, in the form of instant asset write-offs.
Koste provides reports to our commercial clients with the additional option to include instant asset write offs, where they meet the eligibility of course.
Remember, we provide you and your complimentary client advice to speak with a commercial quantity surveyor. It’s just a quick phone call away! Thanks for listening and please stay tuned for next month’s update.