Padstow General Depreciation Rules
As a general rule, depreciation is available to any property owner who obtains assessable income by way of rent from an investment property.
A depreciation deduction acts by reducing your taxable income and, therefore, generating a greater return on your property investment.
A complete taxation depreciation report from Write It Off will address deductions available to you for the construction of your property, including any structural additions, and those deductions available to you via plant and equipment at the property.
Who can use a depreciation report?
Anyone wishing to lodge a tax return with rent from an investment property as part of their income could greatly benefit from having a comprehensive deprecation report done. It provides you with a legitimate tax deduction that has the effect of reducing your taxable income and thus reducing the amount of tax payable.
