News & Info

FIRST HOME BUYER GRANT

The information below is from the Department of Finance website, as at 18th November 2015:

The 2015-2016 State Budget included a measure to abolish the FHOG of up to $3,000 for the purchase of established homes. 

For more information on the First Home Buyer Grant, you can visit: 

>> http://www.finance.wa.gov.au/cms/State_Revenue/FHOG/First_Home_Owner_Grant.aspx

DEPRECIATION

Just like you claim wear and tear on a car purchased for income producing purposes, you can also claim the tax depreciation of your investment property against your taxable income.

There are two types of allowances available: depreciation of Plant and Equipment, and Building Allowance. Plant and Equipment refers to items within the building like ovens, dishwashers, carpet, light fittings, blinds etc. Building Allowance refers to construction costs of the building itself such as concrete and brickwork. Both these costs can be offset against your assessable income.

If you would like further information regarding this, please contact your property manager.




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