Thrifty Tax Depreciation Schedule

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Expert insights and guidance to help Australian property investors protect, manage and grow their assets.

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What Is A Settlement Date? A Guide For New Property Investors

A settlement date is the day a property purchase is legally completed. On this date, the buyer pays the remaining purchase price, the seller receives the funds, and legal ownership transfers to the buyer. For property investors, the settlement date is more than a handover date. It helps confirm when ownership starts and when costs…

Tax DepreciationJune 23, 2026
what is a settlement date

Airbnb Tax Deductions: Guide for Australian Property Investors

Airbnb has become increasingly popular among property investors in Australia as a way to generate additional income from their investment properties. However, understanding the tax implications and deductions associated with Airbnb income, including the importance of declaring it, can be confusing. The Australian Taxation Office (ATO) plays a crucial role in regulating the type of…

UncategorisedMay 23, 2024
Airbnb Tax deductions

Initial Repairs on Your Rental Property: The Complete Guide to Claiming Tax on Your Investment Property Improvements and Maintenance

As a rental property investor in Australia, it’s crucial to understand the differences between improvements, repairs, and maintenance when it comes to claiming tax deductions. Many investors make mistakes when filing their tax returns, often missing out on valuable deductions or incorrectly claiming expenses. In this comprehensive guide, we’ll walk you through the key distinctions…

Tax DepreciationMay 23, 2024
claiming repairs on rental property

Can I Move Into My Rental Property to Avoid Capital Gains Tax?

As a property investor in Australia, you may have found yourself wondering, “Can I move into my rental property to avoid capital gains tax?” It’s a common question, and the answer is not always straightforward. In this article, we’ll dive into the world of capital gains tax (CGT) and explore how moving into your rental…

Tax DepreciationMay 23, 2024
can I move into my rental property to avoid capital gains tax?

Tax Deduction When Making Improvements to Rental Property

Improvements, repairs, and maintenance may sound similar, but they're treated differently by the Australian Tax Office (ATO). When you purchase an investment property, especially a used one, you'll encounter various costs associated with renting it out. Many first-time investors lack the tax knowledge to claim their repair and maintenance expenses correctly, leading to confusion during…

UncategorisedApril 11, 2024
tax deduction when making improvements to rental property

Turning Your Rental into Your Main Residence: What You Need to Know About Taxes

Considering transforming your rental property into your primary residence might prompt concerns about potential tax implications. Will this transition affect the tax deductions you currently claim? Can you convert your rental property into your main home while still renting out a portion of it? And what about the capital gains tax exemption you currently enjoy?…

UncategorisedMarch 22, 2024
transform rental property to main residence

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