Appreciation of depreciation can be difference between profit and loss
More than three million people a year in Australia claim upwards of $50 billion every year in property rental deductions but many are missing out on one of the most significant slices of this tax deduction pie — depreciation.
Maximising tax deductions can be crucial for investment success. Photo: Shutterstock (Image source: Shutterstock.com)
More than three million people a year in Australia claim upwards of $50 billion every year in property rental deductions but many are missing out on one of the most significant slices of the tax deduction pie.
Recent research from Chartered Accountants found that an average of more than $15,000 was claimed for rental tax deductions, with the second largest portion of this comprising depreciation on building and fittings, worth an average of $9,2…
