What is it...? Tax Depreciation or Property Depreciation is the "wear and tear" on an income producing property. Depending upon the property type and year of acquisition, this depreciation may be claimable over time through two main categories:

1) Capital Allowances (Division 43) which is the building structure and a property’s permanent components, building extension, structural improvement, etc.

2) Depreciation of the property’s Assets (Division 40) or better known as Plant and Equipment which is loosely defined as items that are “easily” removable.

The ATO recognises this and with the assistance of qualified Quantity Surveyors, entitles Property Investors to claim a portion of this Property Depreciation as a tax deduction.

Through the use of one of our comprehensive Capital Allowances and Tax Depreciation Reports, your Accountant can identify a per annum depreciation value to include as a tax deduction in your tax return.

So don't make the common property investment mistake...

Get your Property Depreciation Report today!