by Archi-QS | Jun 30, 2021 | All Posts, Architecture, Project Management, Quantity Surveying, Updates, Insights & Thoughts
What are They? Standards Australia is the country’s leading independent, non-government, not-for-profit standards organisation. Australian Standards (AS) establish a common language to define quality and safety. In a nutshell, a standard is an industry-backed solution...
by Archi-QS | Jun 29, 2021 | All Posts, Quantity Surveying, Strata Building Bond and Inspection Scheme
Stage 1 of the Strata Building Bond and Inspections Scheme is for the developer of a new residential strata building (4 storeys or higher) to lodge a building bond in the form of a bank guarantee with NSW Fair Trading. This is required prior to obtaining the...
by Archi-QS | Jun 29, 2021 | All Posts, Quantity Surveying, Strata Building Bond and Inspection Scheme
What is the Process for Complying with the Strata Building Bond and Inspections Scheme? There are many different stages for the developer to undertake in order to comply with the Strata Building Bond and Inspection Scheme. NSW Fair Trading offers a general process...
by Archi-QS | Jun 29, 2021 | All Posts, Quantity Surveying, Tax Depreciation
What is Capital Gains Tax? Capital Gains Tax (CGT) is a form of income tax that a property owner is liable to pay within the financial year of selling their property. When selling a capital asset, shares or real estate, you usually make a capital gain or a capital...
by Archi-QS | Jun 22, 2021 | All Posts, Quantity Surveying, Tax Depreciation
A Tax Depreciation Schedule empowers investors by turning property value depreciation into tax deductions. As time passes and buildings age, their worth declines, including the contents within. This schedule estimates the depreciation and associated tax allowances,...
by Archi-QS | Jun 18, 2021 | All Posts, Quantity Surveying, Tax Depreciation
As the Treasury Laws Amendment Bill 2017 was passed on the 15th of November 2017, important changes were made to the Income Tax Assessment Act 1997. It now denies property investors from claiming income tax deductions for the decline in value of ‘previously used’...
