Leasehold Title

In Thredbo and Perisher you will need to know that the property title is a leasehold title as is the case with all real estate and properties located in the Kosciuszko National Park. There is more information about the national park lease policy under Snowfield Accommodation Policy. It means that all property in the National Park is for holidays, and unless you have dispensation you are not allowed to live in the property full-time.

Thredbo

In Thredbo each property owner is a sub-lessee of the Kosciusko Thredbo Ltd, a subsidiary of Amalgamated Holdings Ltd (ASX code: AHL). Thredbo has rolled over the lease for another fifty years and has torrens titled most of the individual property sub leases. This process is now mostly complete as most of the new registered sub leases have issued from the Land Titles Office (September 2009). For more information about individual Thredbo property have a look at the Thredbo section on Forbes Stynes Real Estate.

Perisher

In Perisher each property owner leases directly from the National Parks and Wildlife Service; there was a new lease offer released in December 2007 which has enabled a number of property owners and lease holders to obtain a new 50 year lease to 2057, and buy extra beds for their ski lodges. If considering an older property, there is also the possibility to apply to convert 'club' beds to 'commercial' or 'apartment' beds - this process, which requires application to the OHE (NPWS), would ideally be pursued with the help of a local lawyer or property consultant.

For more information about Perisher look at www.perisher.com.au. We can help you to find a good lawyer who understands the leasehold title transfer process, and who has had experience in conveying leasehold properties.

Jindabyne, Lake Crackenback, Alpine Way

Outside the park in Lake Crackenback, along the Alpine Way and in Jindabyne normal Torrens or Strata title applies. Thredbo, Perisher, Lake Crackenback, Alpine Way or Jindabyne? Decide which area you are most interested in. You can look at http://fsre.com.au/recentsales.php for information about property price sales history in the area.

If still unsure, speak with us first; we can help you balance the lifestyle and investment aspects that will best suit your dreams and plans. Research sales in those preferred areas using our most recent sales list.

Then Contact us, get on the mailing list to receive our newsletter broadcasts. We can alert you to new listings before they reach the media. We at Forbes Stynes Real Estate have negotiated many real estate and property sales in the area; we will be honoured to act on your behalf.

Tax Depreciation Hints

As a building gets older and items within it wear out, they depreciate in value.

The ATO allows property investors to claim a deduction related to the building and plant and equipment items contained within it. It can be claimed by any owner of an income producing property. This deduction essentially reduces the after tax cost of owning an investment property – investors pay less tax!

Can I estimate the depreciation deductions my investment property has?

In conjunction with Forbes Stynes Real Estate, BMT Tax Depreciation has provided a tax depreciation calculator on this website, whereby you can estimate the potential depreciation deductions you may be entitled to claim. Click here to access the calculator.

Why do I need a tax depreciation report completed by a Quantity Surveyor?

Quantity Surveyors are recognised by the Australian Taxation Office (ATO) under TR 97/25 as appropriately qualified to estimate construction costs of a building for tax purposes. In addition to this ATO requirement, BMT Tax Depreciation specialise in maximising depreciation deductions for investment property owners.

It is important to note that the estimate provided by the BMT Tax Depreciation calculator cannot be used in a tax return. A complete tax depreciation report should be obtained in order to provide information for your tax return.

I am happy with the potential deductions I have seen on the calculator, how do I order a report?

Tax Depreciation Report Quote

BMT will then organise an inspection of the property, conduct required searches, and complete the report within 7-10 days of the inspection.

If my property was built before 1985, is it too old?

Always ask a BMT Tax Depreciation specialist. Sometimes older properties still get substantial deductions.

It is worth noting that:

    * Your investment property does not have to be new: Both new and old properties will attract some depreciation deductions.
    * If the property was built pre July 1985, it will not be eligible to receive the construction write off allowance, but will be able to claim depreciation on the plant and equipment items within the property.
    * BMT Tax Depreciation guarantee that if they cannot find double our fee worth of deductions in the first full financial year claim, there will be no charge for there services.