Reaping the Benefits of Property Depreciation

As property ages, there is obvious damage owing to the ageing process. This results in a decline in property value. The Australian Tax Office (ATO) has a scheme that allows investors to claim the loss in value when they are filing their tax returns. The tax deduction is assessed against the individual’s assessable income. This is known as property depreciation. This can help increase monthly income, and the owner can sell their property at an increased price after a certain time.…

Types of Construction Insurance

If you are a building contractor, one of your biggest fears is on-site accidents. Your employees, neighbouring structures and the building under construction are exposed to an array of risks ranging from machine accidents to total collapse of the structure. It is therefore critical for contractors to seek construction insurance services. Below are a few types of construction insurance that a contractor should consider.  General liability insurance General liability insurance is one of the most common construction insurance policies.…