Keep Claiming It! A Guide to Property Depreciation
“Keep Claiming It! A Guide to Property Depreciation” by Tyron Hyde, published by Major Street Publishing on January 31, 2018, is a comprehensive resource for property investors navigating the complexities of depreciation deductions. This edition, written in English and spanning 192 pages, addresses significant changes in legislation that impact how depreciation can be claimed on investment properties. Tyron Hyde, a quantity surveyor with 25 years of experience, provides insights into the deductions that can enhance the profitability of investments, particularly in light of the new rules established in May 2017.
In “Keep Claiming It!”, readers will find a detailed exploration of the implications of recent legislative changes for property investors. The book focuses on the importance of understanding depreciation allowances and how they can affect investment strategies in real estate. Hyde’s expertise in the field ensures that readers are equipped with the knowledge needed to navigate the evolving landscape of property investment, making this guide a valuable tool for anyone involved in buying and selling homes or interested in the broader aspects of investments and securities.
Official synopsis Publisher
Tyron Hyde wrote the first Australian book on depreciation – the deductions property investors can offset against their tax – ‘Claim It!’ in 2013. Not all investors realised they were entitled to these deductions, which in many cases could make their investments more profitable. In 2017, the rulebook on claiming depreciation on investment property changed massively. The Federal Government successfully voted on new legislation to change the way depreciation works, representing the biggest move in the property industry that author and depreciation expert, Tryon Hyde, had ever seen – and he’s been a quantity surveyor for 25 years! The changes were effective as at May 9, 2017 at 7.30 pm, when the Federal budget was handed down, and as you could imagine, they have huge implications for property investors, and more importantly, the property equation. Many investors rely on depreciation allowances to make their investments work. So where does this leave them? This is what Tyron’s second book ‘Keep Claiming It!’ is all about.
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