Financial Benefits from Buying New Homes #1 - Depreciation
Welcome to the first in a series of 3 articles about the financial benefits of buying new homes off the plan.
Budget 2017 made some major changes for real estate investors, and there are still some people confused about what this means.
The changes remove a subsequent owner's ability to claim a depreciation deduction for plant and equipment (these are the ones that are easily removable or mechanical fixtures and fittings). The changes won't affect your ability to claim the capital works component (which includes the wear and tear of the building structure and fixed items).
The way to ensure you can claim for both plant & equipment AND capital works components of depreciation is to buy a new home as your investment property.
If you want more information from professionals in depreciation, please visit BMT Quantity Surveyors and read their article on the budget changes to depreciation: bmtqs.com.au/budget-2017
To talk to us about buying a quality new home off-the-plan in a growth area that will give you growth, rental income, and tax benefits via depreciation, call us on (02) 4322 5600 or email [email protected]
Highly Efficient and Customer Focused
Oliver Myers Real Estate Gosford is a long standing and well established leading Central Coast Business serving the real estate needs of an ever growing population in an highly efficient and customer focused manner.
We have dealt directly with their agency and more specific with Principal Tony Myers, over many years now and cannot speak more highly of their commitment to their clientele and for their complete professionalism in all that they do.
For all your real estate and property investment needs, you need go no further that Oliver Myers Real Estate and Tony Myers.
- Peter & Janette Hogg, Proprietors Platinum Retirement Solutions
Best Real Estate Book Ever!
I've tried to read other real estate books and they are all really large and hard going.
Tony's book is plain and simple, easy for everyone to understand.
It's the best real estate book I've ever read.
- George Szafranski
Well Thought Of
Tony Myers is a well known real estate agent who I have known for about 30 years. He has a thorough knowledge of the Central Coast property market and is well thought of with those whom he does business.
- Edgar Adams
Editor at Central Coast Business Review
Excellent Customer Service
The team from Oliver Myers Real Estate have gone above and beyond expectations to help me. They gave more than 100% effort to work with me to help me find my dream home. I cannot fault their service and would certainly recommend them to my friends and family.