Koste Chartered Quantity Surveyors

Here at Koste, we celebrate today and every day, the incredible strength, love, and wisdom of mothers everywhere. Happy Mother's Day to all the amazing moms out there! 💐❤️ #Koste #KosteTaxDepreciation #MothersDay2024

Home improvements can have a significant impact on both tax depreciation and overall property value, especially when considering Australian tax depreciation laws and quantity surveying. Here's how it typically works: 1. Tax Depreciation: Property owners are eligible to claim depreciation on home improvements done to their property. This depreciation is based on the decline in the value of these improvements over time, as determined by the Australian Taxation Office (ATO). 2. Quantity Surveying: Quantity surveyors specialise in assessing construction costs and depreciation deductions for property owners. They conduct detailed inspections of properties and prepare depreciation schedules that are essential for maximizing tax benefits and ensuring compliance with ATO regulations. 3. Increased Property Value: Home improvements do not only make property owners eligible to claim tax deductions. They can also enhance the overall property value leading to higher rental yields or selling prices. 4. Tax Incentives: Property owners may be eligible for tax credits or deductions for certain types of home improvements, particularly those focused on energy efficiency and sustainability. These incentives help offset improvement costs and may contribute to increased property values. In summary, home improvements can positively impact tax depreciation and overall property value. Understanding Australian tax laws and regulations, as well as consulting with trusted tax professionals and quantity surveyors like Koste, can help property owners make informed decisions to optimise financial outcomes. Call us now at 1300 669 400. #Koste #KosteTaxDepreciation #residentialtaxdepreciation #taxdepreciationbenefits #QuantitySurveying

Happiest birthday to one of our Directors, Sean Connolly. Cheers to another fabulous year filled with amazing journeys and happiness! #KosteTaxDepreciation #Koste2024 #HappyBirthdaySean 

Homeowners can benefit from various tax deductions associated with residential properties, particularly focusing on tax depreciation. Here's a breakdown: 1. Capital Works Deduction: This deduction applies to the construction costs of the property itself, including structural improvements or renovations. 2. Plant and Equipment Depreciation: Deductions are available for the depreciation of removable assets within the property, such as appliances, carpets, and blinds. 3. Quantity Surveyor's Report: This report provides detailed information about depreciable assets within the property and their respective values, ensuring compliance with the ATO guidelines. Also, the cost of the property tax depreciation report is 100% tax deductible as an expense. 4. Immediate Write-off Assets: Homeowners operating a business from their home or has an investment property may be eligible to claim immediate deductions for certain assets used for business purposes. This includes home office equipment, home office renovation, and vehicles used for business purposes. These tax benefits demonstrate the importance of leveraging quantity surveying expertise to accurately assess, document, and claim depreciation deductions associated with residential properties, Do you need valuable insights or assistance with tax depreciation? Call us now at 1300 669 400. #Koste #KosteTaxDepreciation #residentialtaxdepreciation #taxdepreciationbenefits #QuantitySurveying

Are you fully leveraging your property investments? 🏠 Stay ahead of the game with our FREE Residential Property Checklist 🌟. Tailored for savvy investors, this checklist ensures you're not missing out on crucial details that could boost your investment returns. From tax advantages to market trends, we've got you covered! Grab your complimentary checklist now 📥 and make informed decisions that propel your portfolio forward. Need more detailed guidance? Drop us a message 📬 and let’s optimize your investments together! https://lnkd.in/gXT48uwx

📢 Update on Interest Rates! 🏦 In a surprising move, the Reserve Bank of Australia has decided to keep the interest rate on hold at 4.35% despite higher-than-expected inflation rates. This decision provides a temporary sigh of relief for borrowers, who might have been bracing for another increase. 🔍 What does this mean for property investors? It's a mixed signal - while the stable rate may help maintain current borrowing costs, the underlying inflation suggests that future hikes could still be on the table. For those looking to invest or reassess their portfolios, now is a critical time to evaluate your strategy. 💡 Stay informed and prepared. If you're considering new investments or looking to adjust your current property and financial strategies, it's crucial to factor in these developments. Need insights or help with your property investments? Reach out to us at Koste Chartered Quantity Surveyors, where we're dedicated to helping you navigate through these challenging times with expert tax depreciation and investment advice. 🔗 Stay tuned for more updates and feel free to contact us for personalised advice tailored to your needs! #KosteTaxDepreciation #InterestRates #PropertyInvestment #Inflation #FinancialPlanning #RealEstateInvesting 

Our head office will be closed on Monday, 6th May 2024 and will reopen on Tuesday, 7th May. Please note that our call centre will remain operational 24/7 to assist you. Thank you for your understanding!

Property Investors, are you ready to take your investments to the next level? 📈 We understand the challenges of navigating the property market, which is why we've created a FREE Residential Property Checklist 📋. This invaluable resource is designed to equip you with the knowledge and tools needed to ensure you're fully prepared for every investment opportunity. Maximise your returns by staying informed and proactive! Click the following link to access the free checklist today 📥 and step into your investment journey with confidence! For more insights and tailored advice, feel free to reach out 📞 https://lnkd.in/gy7_cvb7

As savvy business owners and property investors, why donate extra to the ATO this tax season? when you could be using those funds to further your own financial goals? You are far better equipped than the government to make effective use of your hard-earned money. By leveraging tax depreciation reports, you can ensure you’re not missing out on valuable deductions. Don’t let your potential tax savings go unclaimed; enhance your investment strategy and retain more of your profits. Connect with us to discover how you can optimize your tax deductions and strengthen your financial position. https://lnkd.in/gjFANDrs

We are absolutely delighted to receive a positive feedback from one of our clients. Jesty Pty. Ltd., a commercial take away food business at Slack Creek, finds our services to be of high quality. After engaging with our trusted quantity surveyors, the business successfully claim $404,816 over 40 years. We look forward to working with you in the future and recommend our services to others. Here at Koste, we highly value our clients and their feedback to build connections and provide the best possible outcome. Do you need assistance with your tax depreciation schedule? Call us at 1300 669 400. #Koste #KosteTaxDepreciation #kostequantitysurveyors #clientfeedback