A complete Depreciation Checklist for Commercial Property Owners

With the end of financial year upon us, commercial property owners are encouraged to arrange a tax depreciation schedule and claim what could be thousands of dollars in depreciation deductions.

Australian Taxation Office (ATO) legislation allows the owner of any income producing property to claim depreciation in two ways, as capital works deductions or depreciation for plant and equipment assets.

Capital works deductions

Capital works deductions apply to the structural elements of a building such as:

DepreciationBMT2
These deductions are based on the historical costs of the building and with the exception of traveller accommodation can only be claimed on commercial buildings in which construction commenced after the 20th of July 1982. Capital works deductions for traveller accommodation can be claimed on buildings in which construction commenced after the 21st of August 1979.

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Owning a Business is About Changing Lives

Learn how your company can help raising awareness of social care causes. Be the one to make the change!

Behind the curtains of the nonprofits and political organisations who happen to take the leading position in charity events, there are these smaller companies which have managed to put cause supporting in better use.

Hope For Greater Good

When I first heard of businesses crowd-funding causes, I had to say I was a bit skeptical. Little did I know at that time, what incredible power charity holds. I came to realise charity can help a company turn its clientele into a true community. When joint into a cause – a goal for the better of us all, our social nature shifts us into an unbeatable power – a power which can change lives. And what could be better than trying to build such a strong, caring community with the people who trust you?
There is something magical about charity you don’t see just at Christmas.

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