Property tax depreciation is a powerful tool for investors, allowing them to reduce taxable income and increase overall returns. Sadly, it's often misunderstood, with 70-80% of Australian investors missing out on its benefits.
In a nutshell, depreciation is based on the wear and tear of your property over time, covering both the building and its fixtures. You can lower tax liability by claiming depreciation without spending any money upfront.
There are two types of claimable depreciation: Division 43 for building structure and Division 40 for fixtures and fittings. Each offers unique advantages and depreciation rates determined by the ATO.
To make the most of these deductions, you'll need a tax depreciation schedule prepared by a qualified quantity surveyor. This document outlines asset values, depreciation, and maximum claimable amounts.
By taking action before June 30th each year, even if you haven't owned the property for a full financial year, you can benefit from partial deductions and low-value pooling for assets under $1,000.
Don't miss out on potential savings! As an experienced investor, I can recommend reliable quantity surveyors to help you with a depreciation schedule. Reach out today and unlock the full potential of property tax depreciation.
Want to hear more? Get regular property market insights and other commercial property updates with our FREE monthly newsletter [ Ссылка ]
—
Steve Palise is a licensed Real Estate Agent experienced in sourcing quality commercial property investments. He has helped thousands of clients secure and purchase properties. Steve Palise has worked for Australia’s leading buyers’ agencies and is passionate about helping others to achieve their goals and financial freedom. His philosophy: Investments should increase your wealth and passive income with as little risk as possible.
Contact us:
[ Ссылка ]
—
Connect
Website: [ Ссылка ]
Facebook: [ Ссылка ]
LinkedIn: [ Ссылка ]
YouTube: [ Ссылка ]
—
Video produced by Social Wave
[ Ссылка ]
