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Best time to renovate a home that will become an investment

Video Transcription

When is the most tax effective time to undertake a renovation?

You’ll find out as you watch this Ask the Tax Expert video as Ken Raiss answers Lynda's question about when is the best time to renovate her new home that she's buying using a First Home Owner's Grant.

You see...she plans to make her home an investment in the future.

Ken explains a great way of increasing your depreciation claims using a "split depreciation" schedule.

Michael Yardney and Ken also discuss some of the depreciation changes in the budget and  the importance of timing renovations to enable you to claim depreciation tax benefits.
Ken also explains the concept of the "low value pool".

Disclaimer
This is general information only and is intended as educational material. Neither Metropole Wealth Advisory nor its associated or related entitles, directors, officers or employees intend this material to be advice either actual or implied. You should not act on any of the above without first seeking specific advice taking into account your circumstances and objectives.

 

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