Who doesn't want to get more tax back each year? A tax depreciation report can do this. The ATO understands that as property investors we have an asset that makes us money, but it also understands that some of the assets attached to our property decline in value each year. This means that we can work out a figure for these parts that decline in value and deduct that figure from our taxable income EVERY YEAR.
All investment property owners like to make sure that they claim 100% of their allowable tax deductions. Read up about the importance of a qualified Quantity Surveyor. Getting tax depreciation could save you thousands of dollars annually, which means it is not something to gamble with and needs to be done right. It is a report or document that your accountant will continue to use every year you own the property.
Visit our Blog for regular examples of how much tax our property investors have claimed in their first year of using one of our reports.
If you are unsure of the current tax laws regarding depreciation on investment properties, then a Tax Depreciation Schedule prepared by one of our qualified Quantity Surveyors in Brisbane, Sydney, Melbourne, Adelaide, Gold Coast, Newcastle, Darwin or North Queensland could be one of the best investments you can make.