What Can You Claim When Renovating?
Planning on living in and renovating your new investment property before renting it out? You may be at risk of missing out on thousands of dollars in property depreciation deductions.
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More and more Australian investors are choosing to renovate their investment properties before leasing them out. However, investors who live in the property while renovating risk missing out on thousands of dollars in property depreciation deductions.
Property depreciation is generally the second biggest tax deduction after interest, though it’s often missed by investors. This is because it’s a non-cash deduction, meaning you don&rsq…
