More important than ever to claim depreciation
The COVID-19 pandemic is placing financial strain on many property investors across the country, making it more important than ever for investors to do all they can to maximise their cash flow.
It is important to maintain a tax depreciation schedule if you renovate a property. Photo: Shutterstock (Image source: Shutterstock.com)
The COVID-19 pandemic is placing financial strain on many property investors across the country, making it more important than ever for investors to do all they can to maximise their cash flow.
Property depreciation can help all investors unlock hidden cash flow from their investment properties. Depreciation is a non-cash deduction, meaning that investors don’t need to spend money to be eligible to claim it.
If you have not yet claimed deprec…
