In most instances a Quantity Surveyor will conduct a property inspection when preparing a tax depreciation schedule. Sometimes this is not required, for example - if a property has been built by the owner or the Quantity Surveyor has previously inspected a unit within the same complex. A good Quantity Surveyor knows when an inspection is not needed, and this generally results in a saving to the owner/investor. But if certain information is overlooked you will miss out on significant tax deductions.
I’m often asked where ‘effective lives’ come from, and the short answer is the Commissioner of Taxation. The long answer is a lot more complicated than that.
Transcript of a speech made by Alison Lendon, the Deputy Commissioner of Superannuation to the 2013 SPAA SMSF National Conference, on 15 February 2013 in Melbourne.
With the government mulling over a tax increase on superannuation earnings for the wealthy in the May budget and the opposition wading in with their own plans for those on lower incomes we can smell a class war. Things are hotting up for this year’s election as politicians play out this little class war in the parliamentary battle ground but we want to take a look at how it affects taxpayers in the real world.

Tags: ChildrenFamily

Here is a beautifully written story on the front page of Saturday's Daily Telegraph which chronicles an important chapter in our lives - the birth of our son Hamish.
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comments-rhsLatest Comments

  • "Congrats Bikash. If you are working as an accountant (or in the general field) then you can prepay your CPA course fees & claim as a tax deduction this year as work-related self education study. If..."

    By: Mr Taxman at Jun 25, 2020 1:39AM

    Post: Tax strategies that count the cost of COVID-19 and recession

  • "Hi Adrian, I bought your new book, got my free $500 after co-contribution. I am planning to my CPA, enrolment starts 30 June 2020 but semester only begins on August 2020. Can i claim the..."

    By: Bikash at Jun 23, 2020 3:59AM

    Post: Tax strategies that count the cost of COVID-19 and recession

  • "If you run a business Bikash you could claim in full via the instant asset write-off. However if you are an employee you will need to depreciate the laptop & only claim a very small amount in your..."

    By: Mr Taxman at Jun 22, 2020 9:28AM

    Post: Max your tax return: 5 things you should do before 30 June

  • "Can i claim laptop purchase with covid?"

    By: Bikash Rai at Jun 21, 2020 8:25AM

    Post: Max your tax return: 5 things you should do before 30 June

  • "You won't be able to claim a deduction for car parking unless a0 you park for less than four hours between 7am and 7pm; or b) you park more than 1km from work (ie not close proximity to work)."

    By: Mr Taxman at Jun 15, 2020 7:33AM

    Post: Claiming car expenses