SINCE 1997

Latest Depreciable Assets News

What is common property depreciation?

Property rental rates and values can change, and this is particularly evident for units and other types of strata complexes.

Accountant calculating property depreciation
Investors can claim strata fees as a tax deduction. Photo: Shutterstock

Property rental rates and values can change, and this is particularly evident for units and other types of strata complexes. 

One thing that remains constant is the tax deductions rental properties provide to their investor owners. An added benefit is the lucrative common property depreciation deductions strata investors can claim. 

What is common property? 

When you own a property that’s part of a strata title, such as a townhouse or unit dev…