Appreciating Investment Property

When we first think of depreciation we often see it as a negative. For example you buy a new car, plasma television or designer dress. No sooner have you left the retailer and your purchase has already begun to depreciate.

But depreciation also has a positive side. In particular, residential investment property depreciation is not all that bad. With residential investment property depreciation come tax benefits and these benefits are usually substantial.

But depreciation also has a positive side. In particular, residential investment property depreciation is not all that bad. With residential investment property depreciation come tax benefits and these benefits are usually substantial.

Get The Facts

Did you know that all property, residential or commercial, that has been built or refurbished after 1985, qualifies for subsidies in construction or building write-off respectively?

Did you also know that all property is depreciable, if it is used to generate an income? This means that your residential investment property is eligible to depreciate as it is generating income for you, in the form of rent. This residential investment property depreciation can be exploited to work in your favour, through the acquisition of tax credits and that means more money in the bank for you!

The area of depreciation is one that many novice investors, who go it alone, fail to take full advantage of because of their limited knowledge. At greatinvestmentproperties.com.au, we know that harnessing the full potential of an investment property depreciation claim requires extensive knowledge of the relevant tax and case laws and construction costing.

For this reason, we highly recommend the employment of a professional that is recognised by the Australian Tax Office as having the proper experience and qualifications in the industry and in construction costing. Not only will such an expert ensure that you cover all grounds with your residential investment property depreciation (including any previous benefits that you may have already missed out on), they will also ensure that you remain within the Australian Tax Office’s regulations.

If you want more information on how residential investment property depreciation and the related tax credits work give the team at greatinvestmentproperties.com.au a call.

Practical Depreciation Example.

For further information, please Contact Us today.