Whilst the ATO prescribes standard rates for effective lives of construction and plant and equipment items, the varied methodologies used by depreciation service providers can
Claiming tax deductions for depreciation of holiday rentals is often missed by the property owners Depreciation of holiday rentals is a commonly missed tax deduction
Fact 1. Depreciation is typically one of the largest deductions available to property investors Depreciation is a tax deduction claimable for the ageing and wearing
Investors often confuse repairs, maintenance and capital improvements. They are all legitimate tax deductions, but repairs and maintenance are treated differently to capital improvements when recording
The short answer is yes! In many cases, investors who purchase second-hand residential properties after May 2017 can still claim some substantial deductions for depreciation,
Tax deductions for depreciation is certainly not the only thing, or even the most important thing that investors need to consider when purchasing an investment