Description
Tax depreciation schedule
A tax depreciation report helps investors maximise the property investment depreciation deductions they are entitled to under ATO legislation, outlining allowable costs and future depreciation claims.
Depreciation is a tax deduction available to property investors. Over time, commercial and residential buildings depreciate in value. The Australian Tax Office (ATO) allows owners and investors of income producing properties to claim a tax deduction for the wear and tear that occurs on any old or new investment property. The building itself plus its internal fixtures, fittings and equipment will become worn over time and eventually will need replacing.
