The Priority Report BMT Tax Depreciation
#18
As a building gets older and items within it wear out, they depreciate in value. The Australian Tax Office (ATO) allows owners of income producing property to claim a tax deduction called depreciation, on a building’s structure and plant and equipment assets contained within it. Claiming depreciation is a significant taxation benefit, and one which many investment property owners are unaware of. Depreciation is a non-cash deduction—you do not need to spend any money to claim it.
86 The Boulevard, Albany Creek—RENTED for $800/w 4 days after going online!
Case Study - Negative Becomes Positive Gearing A unit built in 1970 was purchased for $400,000 one year ago. Annual after tax outlay amounted to $4,882. BMT Tax Depreciation schedule created a deduction of $6,900 in the first year.
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Swimming Pool Safety New Requirements for CPR sign
10 THINGS TO DO WHEN CHANGING PROPERTY MANAGERS… Call Professionals Priority on 3164 7000 We will handle the other 9
Any new CPR signs installed from this point onwards will need to comply with the new regulation “Building (Swimming Pool Safety—CPR Signs) Amendment Regulation 2016” by including information about the procedures for first aid, as well as CPR procedures as mentioned in either of the two approved ways by the Australian Resuscitation Council.
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To transition into the new Regulation—the existing CPR signs must have been compliant immediately before this new Regulation comes into effect, and must be legible to read. Once the sign becomes illegible, it will need to be replaced in accordance with the updated requirements.
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Page 16- December 2016, The Hills Echo
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U13A’s West Arana Hills— From the Manager Jo Pollard 2016 was a successful year for the WAHRLFC U13A’s!!! After playing well most of the season they ended on a high note by winning the GBJRL U13 Division 2 Grand Final. With the generous sponsorship from the Professionals, the year culminated in an end of season weekend away at a YMCA Camp at Joyner. The boys had so much fun swimming in the pool, having a campfire and toasting marshmallows, along with challenging themselves with raft building and the “Possum Glide”. The Possum Glide was a team activity where one person was harnessed at one end on their own, while 5 boys were harnessed at the other end together and on the count the boys would run forward, sending their single harnessed team mate shooting up into the air!! We now know that a couple of the boys have a slight fear of heights but with encouragement from their team mates they gave it a go and all completed the task. The coaching and management staff are very proud of the boys and really appreciate the support that Bradley Butten, Ian Weaving and their team have given to the boys this year. Without their support we would not have been able to give them this great experience. Thank you again for your support for the second year in a row!
From us all at Professionals Priority we wish you a very Merry Christmas and a prosperous New Year. We look forward to working with you in 2017.
Hills Community Carols This year the Hills Community Carols will be held on the 3 December from 4pm in the George Willmore Park. There will be food and drink vendors, free face painting, carnival rides and to complete the evening, a wonderful fireworks display. We are looking forward to sharing the Christmas cheer with everyone again this year.
Free Book! The “101 tips to sell your home” book will help with preparations and ideas for making your next property sale a success. We would like to offer you a copy with our compliments!
Call our office today on (07) 3164 7000 and mention this newsletter to receive our special offer.
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The Hills Echo, December 2016 - Page 17