People who purchase a property for income-producing purposes may be entitled to depreciate both the items within the building and the cost of the building itself against their accessible income.
Each year, thousands of dollars go unclaimed by property investors who are unaware of these deductions. The savings can be quite substantial if you do the research and if you purchase the correct property with the right depreciation schedules there are definite tax advantages.
As always it is important that at Indigo Real Estate we are not financial advisors, nor tax, nor depreciation specialists, but here are some strategies to help you begin the journey to discovering more of the financial benefits from you investment property.
So that we are unbiased, for more information search google ‘rental property depreciation schedules’, there are a number of results which will be of interest, or read this blog post: http://www.realestate.com.au/blog/property-depreciation-101/