24 June 2025
The last week of June always has an odd, frantic feeling to it. We’ve been doing this for over 20 years, so we know what to expect in June.
People are rushed.
They talk in short sentences.
And pay invoices.
The aim this week is to make sure every possible tax deductible bill is paid so when you do your tax after June 30, you can maximise your tax refund.
If you need a new Depreciation Schedule, NOW is the time to pay for it. You can order it here or call us on 1300660033 if you already have an enquiry on the go.
How else can you make these last few days of June productive?
Key Points
- 1. Refer a friend who could benefit from a Depreciation Schedule.
- 2. Buy and install brand new Assets this week to claim them this financial year.
- 3. Review the ATO’s top 10 tips for rental property owners at tax time.
Perhaps you have a friend who could benefit from a Depreciation Schedule?
They might not be as well informed as you are. If you refer your friend using this link and they go ahead with a Depreciation Schedule, you’ll get a $40 EFTPOS card from us.
And they get a long running tax deduction. They’ll be your friend forever – well for at least 40 years, which is how long our Depreciation Schedules run for on new properties.
Are there any small minor expenses you can pay this week?
Niggling small repairs you’ve been putting off? Now is the time to do them.
Any under $300 Assets you could buy? A rangehood to replace the very old one that is just limping along? Some blinds to replace those tatty ones in the kitchen? Any Assets under $300 are written off immediately.
On brand new Assets costing $300 – $1,000 you can claim 18.75% depreciation in the first part year – even if that ‘part year’ is just a few days.
Buy and install a new $900 oven this week, and claim deduction of $168.75 for just a couple of days. Then it’s 37.5% next year.
There might be other things you should do before June 30.
Things are not just property related.
It might be an idea to take 5 minutes and skim this list of ‘Top 10 Tips’ from the ATO that they have updated for 2025. You can find that here.
Timing can be important when it comes to expenditure, and you have a couple of days up your sleeve.
We are of course happy to chat about depreciation related stuff, but we’ll be talking quickly. And in short sentences.
Our Most Popular Topics
Stay ahead of the curve this tax season with our most popular topics:
1. Repairs vs improvements
2. What the ATO already knows about you via data matching programs
3. How to claim special levies
4. Depreciation you can claim in older properties
5. Steer clear of making outlandish claims
Do you have a residential or commercial property you would like us to help you claim depreciation for? Or a question about depreciation?
Order online now or call us on 1300 660 033 and rely on our 20-plus years of experience in estimating depreciation returns.
