SINCE 1997

Latest Property Tax Deductions News

Tax tips - property depreciation 101

Property investors are entitled to numerous tax benefits, however many fail to take full advantage of the depreciation deductions available to them.

Accountant compiling a tax return
Property investors are urged to contact a specialist quantity surveyor to maximise their tax deductions. Photo: Shutterstock

Property investors are entitled to numerous tax benefits, however many fail to take full advantage of the depreciation deductions available to them. 

Depreciation is considered a non-cash deduction, meaning you don’t need to spend any money to be eligible to claim it. 

While investors are aware of claims for expenses such as interest on their loans, council rates, property management fees and repairs and maintenance costs, depreciation is a hid…