Investors commonly learn about the benefits of tax depreciation after their property has been income-producing for some time. Unfortunately, this is often due to either
Yes you can back-claim depreciation of your investment property for previous years… If you have held your investment property for a number of years but
Many homes, particularly those that are older, have undergone some capital improvements and additions over time. Investors may be wondering how they can claim tax
Most successful property investors will agree that having a great team of consultants, including a good accountant, is a fundamental part of maximising financial success
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
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