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Property investors don’t forget a depreciation schedule

On May 01 2015
Tagged as:
  • Residential Property


If you own an investment property and haven’t been claiming depreciation, you could be ...

If you own an investment property and haven’t been claiming depreciation, you could be missing out on thousands of dollars in deductions.

So what is depreciation? As a building gets older, items wear out – they depreciate. The ATO allows property owners to claim this depreciation as a deduction. Depreciation can be obtained by any property owner who obtains income from their property.

 

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