Immediate deductions available for investors
Depreciation isn’t the only tax deduction available for property investors - immediate deductions can also save thousands on a tax return.
Immediate deductions can help investors get the most out of their tax returns. Photo: Shutterstock (Image source: Shutterstock.com)
Depreciation is the natural wear and tear of property and assets over time. It’s normally thought of as a high-value, slow-burn deduction as it takes up to forty years for an entire property to depreciate.
But there is an immediate deduction available for depreciable assets. Savvy investors just like you can start claiming it now and increase cash by thousands in a year.
What is the immediate deduction?
Plant and equipment assets are those t…
