Ensure you never miss an issue of the
real estate business bulletin
New app shows tax savings for investors

New app shows tax savings for investors

by Reporter 0 comments

Staff Reporter

Agents will be able to provide prospective investors with an immediate estimate of their tax depreciation savings using a free app developed by quantity surveyors and tax depreciation specialists, Washington Brown.

“Savvy agents realise that information about tax depreciation can have an enormous impact on closing rates and sales”, said Tyron Hyde, director at Washington Brown.

“Having the depreciation calculator at your fingertips means fast, accurate estimates and immediate client benefits”.

The company said the app provides 10-year tax depreciation estimates, compares diminishing value method versus prime cost method of depreciation, and gives depreciation based on real property data. It is designed for an iPhone or iPad.

The company gave an example of using the property depreciation app, whereby the estimated tax deduction from a Melbourne apartment, built in 2007 and recently purchased for $400,000, is $11,000 in the first year alone.

“In a market that many experts think is ripe for selling to investors, imagine the confidence your client takes from a piece of advice that could save them thousands of dollars,” the company said.

le>.b-autolinks{text-decoration:underline}.b-autolinkshadowbox { display: inline; position: relative; cursor: pointer; color: #428bca;} .b-autolinkshadowbox:hover > span { display: block !important; } .b-autolinkshadowbox__links { white-space: nowrap; z-index: 999; display: none; left: 0; border: 1px solid #bfbfbf; border-radius: 5px; font-size: 12px; top: 12px;color: #000; padding: 10px; position: absolute; background-color: #FFF; box-shadow: 0px 0px 20px 1px #bfbfbf; } .b-autolinkshadowbox__links > a { display: block; padding: 3px 0; }
New app shows tax savings for investors
lawyersweekly logo
promoted content
Recommended by Spike Native Network
Listen to other installment of the Real Estate Business Podcast
reb top 100 agents 2017

The REB Top 100 Agents ranking is the foremost ranking of agents in Australia. It has set the bar for excellence in Australian real estate. To be ranked as an REB Top 100 Agent is the standard real estate professionals strive for. See the full 2018 ranking here!

featured podcast

featured podcast
An industry where the resilient succeeds

Tim Heavyside believes that a strong support team and good foundations are paramount to success in the real estate industry, and with regu...

View all podcasts

Would you consider working for Purplebricks or a similar 'DIY' model?

Yes (7.2%)
No (80.9%)
Perhaps - make me an offer (12%)

Total votes: 209
The voting for this poll has ended on: July 13, 2018
Do you have an industry update?