When a tax depreciation report is prepared, your tax specialist should take into consideration any renovations carried out by previous owners. Even though you may not have carried out the work yourself, there may be depreciation deductions for you to claim. A thorough site inspection is undertaken on your property and further council searches can also expose previous renovations carried out on the property. Always consult a depreciation expert about your entitlements. Maximising the deprecia... Read Full Story

Effective lives – Explained The ‘effective life’ of an asset is used by a Quantity Surveyor to work out an asset’s decline in value. The Australian Taxation Office (ATO) describes an effective life as ‘the period of time that a depreciating asset can be used by any entity to produce assessable income: assuming it will be subject to wear and tear at a reasonable rate, assuming it will be maintained in reasonably good order and condition, and having regard to the period within which it is lik... Read Full Story

The final Taxation Ruling issued on 24 June 2009 concerns the effective life of depreciating assets. This ruling replaced Taxation Ruling TR 2008/4 from July 1, 2009. Determinations of the effective life of certain depreciating assets made by the Commissioner are contained in two tables in the ruling which can be found on the ATO website. The changes include determinations of effective lives for: Automotive car washing assets Soft drink manufacturing assets Scenic and sightseeing transport ... Read Full Story

Thinking about the types of new fittings and fixtures before installing them may generate you thousands of dollars in depreciation deductions. Make sure you do everything to maximise the cash flow potential of your next renovation project. Many investors purchase properties that require improvement. They usually do this with the sole purpose of renovating to create equity and generate extra rent. Once you have decided to renovate your investment property, it is important to ensure you obtain... Read Full Story

What can you do to increase your depreciation deductions? In order to maximise the tax benefit your investment property will attract, you will require the services of a recognised Quantity Surveyor with specific property tax depreciation skills and experience. To ensure you claim all your entitled depreciation deductions a site inspection will need to be carried out as this will accurately identify all items of plant and equipment. These specific items attract higher depreciation rates than ... Read Full Story

Green teaHas many powerful properties, but more important to help you lose weight quickly is that dieters who consume green tea burn more calories than those who only take caffeine. Green tea also acts as a natural appetite suppressant and can be taken at any time of day. It also has diuretic properties to help you lose water weight instantly.CinnamonIs a delicious spice and it can help to reduce your weight by blocking fat from accumulating in your body, and regulating blood sugar levels. Dr... Read Full Story

When you are desperate to lose weight and you need to make every meal count towards your super fast fat loss, there are certain foods that help you lose weight. This is a list of food substitutions that are easy to follow and won’t make you feel like you are missing out. All you need to do is replace the high fat, high calorie or high sugar food with a replacement food which is tasty but has lower calories and will help you lose weight quickly.   Have Avocado instead of Mayonnaise or b... Read Full Story

 If you’re desperate to lose weight quickly there are 5 ways to make you drop pounds instantly which will make your weight loss journey smoother.   Walk – 20 mins, twice a day is easy and manageable. Just wake up 20 mins earlier in the morning and take a brisk walk before your breakfast. Don’t even think about not doing it. If you’re serious about losing weight this will really help you start immediately.  If you want to up the ante and really lose weight, make it a 20 min run... Read Full Story

Diet For Men to Lose Weight Did you know that skipping breakfast is one of the main mistakes that would be dieters make? Skipping breakfast slows your metabolism, which lowers your chances of burning fat. Also, as your blood sugar levels get lower you will end up ‘convenience eating’ and reach for whatever you can find. Eating breakfast makes sense! So what should you eat for breakfast? “Diet” breakfast cereals make a lot of big claims about which is the best, but in fact, there are 2 perfe... Read Full Story

I'm making this page about How to get rid of love handles because I've always struggled with my weight. For some reason as soon as I eat the wrong thing i have that awful 'muffin top' above my jeans. But now I know what to do when to make my love handles go away. With a combination of the right diet and the right exercises I can fit back in my cute jeans easily. Keep reading to find out how I do it! Read Full Story