News & advice on how to develop property
If you're looking for news, expert advice, hints and tips or simply want to know how to develop property then our articles will be a great resource for you.
- January 16, 2019
- Tax Depreciation
What is depreciation? As a building gets older and items within it wear out, they depreciate in value. The Australian Taxation Office (ATO) allows property investors to claim a deduction relating to the building and fixtures it contains. Depreciation can be claimed by any owner of an income producing property. This deduction essentially reduces the investment property owner’s taxable income.Read More