Latest news with #Waugh
Sydney Morning Herald
5 hours ago
- Business
- Sydney Morning Herald
Tax time tips for property owners: understanding deductions and depreciation
Landlords, it's almost tax time. Do you know which expenses you can claim and how you should claim them? Many landlords fail to make the most of their tax-deduction entitlements. So, we asked Stuart Waugh, a director at the Sydney-based financial advice and accountancy firm Altus Financial, to talk us through it all. What deductions can landlords claim? Rental expenses that you can claim as deductions come in two categories, Waugh says: Expenses for which you can claim a deduction now (in the income year you incur the expense) — for example, interest on loans, landlord insurance, council rates, repairs and maintenance, and depreciating assets costing $300 or less. Expenses for which you can claim a deduction over several years (or decades), including capital works (such as a new fence or driveway), borrowing expenses (such as lender's mortgage insurance), and the decline in value of depreciating assets (such as curtains and appliances). 'It is important to claim each expense under the correct expense type to make sure you treat it correctly for tax purposes,' Waugh says. What's the difference between repairs and improvements? Fixing something and improving your property are very different things in the taxman's eyes.
The Age
5 hours ago
- Business
- The Age
Tax time tips for property owners: understanding deductions and depreciation
Landlords, it's almost tax time. Do you know which expenses you can claim and how you should claim them? Many landlords fail to make the most of their tax-deduction entitlements. So, we asked Stuart Waugh, a director at the Sydney-based financial advice and accountancy firm Altus Financial, to talk us through it all. What deductions can landlords claim? Rental expenses that you can claim as deductions come in two categories, Waugh says: Expenses for which you can claim a deduction now (in the income year you incur the expense) — for example, interest on loans, landlord insurance, council rates, repairs and maintenance, and depreciating assets costing $300 or less. Expenses for which you can claim a deduction over several years (or decades), including capital works (such as a new fence or driveway), borrowing expenses (such as lender's mortgage insurance), and the decline in value of depreciating assets (such as curtains and appliances). 'It is important to claim each expense under the correct expense type to make sure you treat it correctly for tax purposes,' Waugh says. What's the difference between repairs and improvements? Fixing something and improving your property are very different things in the taxman's eyes.
South Wales Argus
5 days ago
- Sport
- South Wales Argus
Kate Waugh no one-hit-wonder after third place finish
The 26-year-old from Gateshead won the opening event of the season in Singapore back in April and had a target on her back coming into the second race on the west coast. And Waugh silenced any concerns as to whether she would be able to back up her performance by shaking off her struggling bike legs and putting down a dominant run to soar into third. Switzerland's Julie Derron claimed the victory, with reigning T100 Series champion Taylor Knibb in second. "I was joking that I didn't want to be the one hit wonder so I'm really happy to back it up with another podium," said Waugh. "I've been determined this year to be a more consistent athlete and I think that has been reflected in my races. 'Given that I didn't feel my best today, I'm even prouder. In Singapore I felt really good all day so it was easier to get a good result whereas today I pushed through that negative point." One of the first athletes out of the choppy bay waters in San Francisco, Waugh was surprised to get onto the bike and feel off her axis. Falling back in the field, the Brit admitted that she had to dig deep and brush off the negative comments in her head to keep focussed in time for the run. "It was a bit of a rollercoaster of a day, I felt like I had a really good swim start and got into rhythm and good place," she said. "But then I really struggled the first part of the bike and ended up in no man's land a bit so I was having to really motivate myself and keep minimise the gap to the front. "I was really struggling out there and sightly worried coming onto the run as to how I would feel but luckily my run legs turned up and I put myself to work to get onto the podium so I'm really proud to do that." With two podiums in two races, Waugh holds her spot at the top of the series rankings after San Francisco. The next event takes place in Vancouver in just two weeks time, with the Brit not yet sure whether she will be taking to the start line to extend her lead in the standings. But with two strong races under her belt so early in the season, Waugh is excited to see how far she can go as she looks to improve the little things. "I never expected to be in this position so I'm really excited to build going forwards," she added. "I want to be consistent and I have loads of things to improve on but that's getting me good results." The T100 Triathlon World Tour is a season-long schedule of World Championship level races competed over 100km (2km swim, 80km bike and 18km run), where the world's best triathletes go head-to-head in iconic locations. For more information visit
Powys County Times
5 days ago
- Sport
- Powys County Times
Kate Waugh no one-hit-wonder after third place finish
Kate Waugh has proved that she is no one-hit-wonder after a third place finish in the T100 San Francisco. The 26-year-old from Gateshead won the opening event of the season in Singapore back in April and had a target on her back coming into the second race on the west coast. And Waugh silenced any concerns as to whether she would be able to back up her performance by shaking off her struggling bike legs and putting down a dominant run to soar into third. Switzerland's Julie Derron claimed the victory, with reigning T100 Series champion Taylor Knibb in second. "I was joking that I didn't want to be the one hit wonder so I'm really happy to back it up with another podium," said Waugh. "I've been determined this year to be a more consistent athlete and I think that has been reflected in my races. 'Given that I didn't feel my best today, I'm even prouder. In Singapore I felt really good all day so it was easier to get a good result whereas today I pushed through that negative point." One of the first athletes out of the choppy bay waters in San Francisco, Waugh was surprised to get onto the bike and feel off her axis. Falling back in the field, the Brit admitted that she had to dig deep and brush off the negative comments in her head to keep focussed in time for the run. "It was a bit of a rollercoaster of a day, I felt like I had a really good swim start and got into rhythm and good place," she said. "But then I really struggled the first part of the bike and ended up in no man's land a bit so I was having to really motivate myself and keep minimise the gap to the front. "I was really struggling out there and sightly worried coming onto the run as to how I would feel but luckily my run legs turned up and I put myself to work to get onto the podium so I'm really proud to do that." With two podiums in two races, Waugh holds her spot at the top of the series rankings after San Francisco. The next event takes place in Vancouver in just two weeks time, with the Brit not yet sure whether she will be taking to the start line to extend her lead in the standings. But with two strong races under her belt so early in the season, Waugh is excited to see how far she can go as she looks to improve the little things. "I never expected to be in this position so I'm really excited to build going forwards," she added. "I want to be consistent and I have loads of things to improve on but that's getting me good results." The T100 Triathlon World Tour is a season-long schedule of World Championship level races competed over 100km (2km swim, 80km bike and 18km run), where the world's best triathletes go head-to-head in iconic locations. For more information visit
Leader Live
5 days ago
- Sport
- Leader Live
Kate Waugh no one-hit-wonder after third place finish
The 26-year-old from Gateshead won the opening event of the season in Singapore back in April and had a target on her back coming into the second race on the west coast. And Waugh silenced any concerns as to whether she would be able to back up her performance by shaking off her struggling bike legs and putting down a dominant run to soar into third. Switzerland's Julie Derron claimed the victory, with reigning T100 Series champion Taylor Knibb in second. "I was joking that I didn't want to be the one hit wonder so I'm really happy to back it up with another podium," said Waugh. "I've been determined this year to be a more consistent athlete and I think that has been reflected in my races. 'Given that I didn't feel my best today, I'm even prouder. In Singapore I felt really good all day so it was easier to get a good result whereas today I pushed through that negative point." One of the first athletes out of the choppy bay waters in San Francisco, Waugh was surprised to get onto the bike and feel off her axis. Falling back in the field, the Brit admitted that she had to dig deep and brush off the negative comments in her head to keep focussed in time for the run. "It was a bit of a rollercoaster of a day, I felt like I had a really good swim start and got into rhythm and good place," she said. "But then I really struggled the first part of the bike and ended up in no man's land a bit so I was having to really motivate myself and keep minimise the gap to the front. "I was really struggling out there and sightly worried coming onto the run as to how I would feel but luckily my run legs turned up and I put myself to work to get onto the podium so I'm really proud to do that." With two podiums in two races, Waugh holds her spot at the top of the series rankings after San Francisco. The next event takes place in Vancouver in just two weeks time, with the Brit not yet sure whether she will be taking to the start line to extend her lead in the standings. But with two strong races under her belt so early in the season, Waugh is excited to see how far she can go as she looks to improve the little things. "I never expected to be in this position so I'm really excited to build going forwards," she added. "I want to be consistent and I have loads of things to improve on but that's getting me good results." The T100 Triathlon World Tour is a season-long schedule of World Championship level races competed over 100km (2km swim, 80km bike and 18km run), where the world's best triathletes go head-to-head in iconic locations. For more information visit
