SINCE 1997

Latest Tax Depreciation News

Why it’s not too late to claim thousands

Just because June 30 has been and gone, property investors don’t need to wait another financial year to get a tax depreciation schedule - even if a schedule is ordered after the end of a financial year, depreciation can still be back-claimed.

Woman calculating tax return

Just because June 30 has been and gone, property investors don’t need to wait another financial year to get a tax depreciation schedule. Even if a schedule is ordered after the end of a financial year, depreciation can still be back-claimed. 

First, what is a tax depreciation schedule? 

A tax deduction can be claimed for the natural wear and tear, or depreciation, of an investment property and its assets over time.

A tax depreciation schedule,…