BUILDING WRITE-OFF ALLOWANCES

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The removal of depreciation claims for existing assets in an investment property acquired after 9 May 2017 does not include the building allowance claims.

The 2.5% building allowance remains available on newly acquired investment properties and needs to be supported by a quantity surveyor report.

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In this edition

A MESSAGE FOR ALL EMPLOYERS – ARE YOU READY FOR SINGLE TOUCH PAYROLL?

SUPERANNUATION

BUILDING WRITE-OFF ALLOWANCES

SMALL BUSINESS 100% ASSET WRITE-OFF

ATO CRACKDOWN ON WORK-RELATED EXPENSES

UPCOMING TAX DATES

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