There are two ways to calculate depreciation on plant and equipment in an investment property - by using the diminishing value method, or the prime cost method.
NT deals already falling over on "whiff" of land tax: REINT
The REINT says introducing a land tax would drive investors away from the Northern Territory and accelerate the decline in population, at a time when the economy is already in a precarious situation.
ATO employs new tools to scrutinise rental property market
The Australian Tax Office is ramping up scrutiny of the rental property market in a bid to stamp out rorts, and from next year will begin approaching real estate agents for information, reports The Australian.