News

We shared an ATO link recently via our Facebook page in relation to the Sole Purpose Test, however given the popularity of Self Managed Super Funds (SMSFs) we thought it pertinent to raise again.

If you are not claiming Tax Depreciation as a tax deduction against your residential or commercial investment property then you need to ask your accountant... "Why am I not claiming a deduction for Tax Depreciation on my Tax Return?"

Redline Quantity Surveyors are recognised as a Registered Tax Agent Company (Registration Number 26959006). Under the Tax Agent Services Act 2009 you must be a Registered Tax Agent to prepare Tax Depreciation and Capital Allowances Schedules.