Why It Is Important to Review Your Depreciation Schedule

A depreciation schedule is a report that guides you about the amount of money that you can claim against the decreasing value of assets that qualify for such a benefit. Each jurisdiction has guidelines showing the different rates of depreciation that can be applied to different assets. This article discusses why you need to review the depreciation schedule of your business on a regular basis, such as each year. Confirmation of Asset Ownership

Tax Exemptions For Foreign Property Investors

The lucrative Australian property market attracts foreign nationals from a number of countries. Tax rules related to the acquisition of residential property by foreigners are often more stringent than those spelt out for Australian citizens. For example, foreign nationals are required have foreign investment approval from the relevant authorities before they can acquire residential property. This article discusses three scenarios in which a foreign investor would be exempted from seeking such approval.