Property Depreciation - Depreciator.com.au
| Depreciation is just compensation for wear and tear. It’s nothing more complicated than that. Businesses claim depreciation on their ‘business assets’: computers, furniture, vehicles etc. To a property investor, a rental property is like a business asset, so they can depreciate it. The building itself depreciates, as do the appliances, floor coverings, hot water unit etc. | |
| Smart property investors (or ones with clever accountants) claim depreciation as a tax deduction every year. A Depreciation Schedule is a document that sets out exactly how much you can claim. Make sense so far? | |
| info@depreciator.com.au | |
| http://www.depreciator.com.au/property-depreciation.html |
5 out of 5 from 1 reviews