Tyron Hyde
Tyron is director of Washington Brown and has over 20 years’ experience in the construction and development industry. Considered one of Australia’s leading experts in property tax depreciation, Tyron regularly presents at industry conferences and events and has published numerous articles on tax depreciation and property investment. Tyron has a Bachelor in Construction Economics from University of Technology Sydney.
Tyron is also the only published author on the topic of property depreciation with his books CLAIM IT! and CLAIM IT AGAIN! A Property Investors and Developers’ guide to depreciation. Click here to access the Washington Brown website.
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Suppose you own commercial or industrial real estate, including commercial office space, retail, hospitality, industrial warehouse, rented or used for income-producing purposes.
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Claiming depreciation on your property is one of the most important steps in an investor’s journey. And it’s the only deduction that can be subjective.
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In 2017, the Australian Government significantly changed the way depreciation can be claimed on second-hand property
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The COVID-19 pandemic has created chaos for many property inspection businesses including Quantity Surveyors that prepare tax depreciation schedules
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However, a recent analysis found a significant number of properties still require an inspection, such as luxury homes
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There is a common misconception in the property market that you cannot claim depreciation on old properties
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How do you know if your property needs an inspection for a depreciation schedule to be created?
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In the wake of COVID-19 many services have moved online or become 'contactless' and obtaining a depreciation schedule is no different, with the industry adjusting to reflect the new norms
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As I write this, most states and territories are heading for lockdown for an unknown period
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