Although depreciation is never the primary reason why you buy property, it certainly has quite a bearing on the cashflow of your property that you cannot overlook. There are many considerations that must be made when you are deciding whether to purchase an existing property or a brand-new property for investment purposes. As outlined
Along with residential houses, tax depreciation can also be claimed through commercial properties. As a landlord or tenant, you are eligible to claim depreciation on commercial properties. Landlords are given the ability to claim capital works deductions as well as previously installed plant and equipment. Tenants can deduct the plant and equipment that was
As an investor, you may have recently come to terms with depreciation and may have been unaware that you were entitled to claim deductions on your rental property. You may have thought your property was too old when it actually qualifies for depreciation – act now before it's too late! Besides the ATO allowing
