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Did you know that as the owner of an investment property, you’re entitled to claim depreciation on the home, its fixtures & fittings?
Depreciation is a significant taxation benefit, and surprisingly one which many investors are unaware of. It is also a non-cash deduction, meaning you do not need to spend any money to claim it.
When the end of financial year is nearing, it is the ideal time to have a Depreciation Schedule Report completed by a Quantity Surveyor. Simply hand this report to your accountant and they will include it with your income tax return.
It’s that easy!
Facts about Property Depreciation
For more information regarding Depreciation contact our team today (07) 5547 7288