Tax tips: depreciation answers for investors
The complexity of depreciation unsurprisingly has many scratching their heads. While investors don’t need to be depreciation experts, here are answers to some of the most common questions on this area of taxation.
Consulting with an accountant as well as a quantity surveyor can help boost investment success. Photo: Shutterstock (Image source: Shutterstock.com)
The complexity of depreciation unsurprisingly has many scratching their heads. While investors don’t need to be depreciation experts, here are answers to some of the most common questions on this area of taxation.
- What is depreciation and how does it work?
It’s the natural wear and tear of a property and assets over time. While all properties and assets depreciate, depreciation can only be claimed as a tax deduction if the property is inc…
