If you own a Commercial Investment property and are currently not claiming depreciation deductions (or you are claiming a minimal amount) on your property there can be taxation savings by engaging a quantity surveyor to prepare a depreciation report.
It is important to note that Commercial properties were not affected by the 9 May 2017 Budget depreciation limitations.
To read more about the budget changes please follow the link below:
https://www.ato.gov.au/tax-professionals/prepare-and-lodge/tax-time-2018/overview-of-key-changes/
Please contact Chris Mercieca, Andrew Marshall or Janine Orpwood at Langley McKimmie Chartered Accountants on (03) 5427 8100 to discuss further.
We provide accounting and wealth management services to clients in Woodend, Gisborne and Macedon Ranges areas within Victoria Australia.
We provide accounting and wealth management services to clients in Woodend, Gisborne and Macedon Ranges areas within Victoria Australia.
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