The Properties that Are Eligible for Tax Depreciation
Depreciation tax deductions are not available to just any real estate investor.
A property investor who purchased a completely new residential property, a residential property that has undergone extensive renovations, a rental property to which they have added new plant and equipment assets, or a commercial property is eligible to apply for a tax depreciation deduction.
If you are eligible to make a claim for tax depreciation, you stand a chance to greatly increase your cash flow from your investment property. In fact, the typical first-year claim for residential property owners might be over $9,000.
Get started today with a tax depreciation package from the quantity surveyors at JC Depreciation.
What Does Property Tax Depreciation Mean for Me?
Choose between two Depreciation Packages, the Standard package at $495 plus GST or the Plus package at $550 plus GST, with the team at JC Depreciation.
The purchase price of the tax depreciation schedule is eligible for a tax deduction, because it is an operating expense for your investment property.
Tax depreciation reports are an up-front expense that is both a necessity for managing your investment property as well as a savvy cost-saving measure.
The tax depreciation schedules from quantity surveyors have a potential lifespan of up to 40 years. This means your accountant can use the document to determine the depreciation deductions that will maximise your earnings, year after year.
In a single step, you could be benefiting from depreciation deductions for many years to come.