Do depreciation deductions apply to you?

Do depreciation deductions apply to you?

Owners of income producing properties are eligible to claim tax deductions for a number of expenses involved in holding a property. Most investors are aware of some of the deductions they are entitled to; for example, they know they can claim their Property Manager’s fees, council rates and any repairs and maintenance costs. However, all…
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Strata Investment Owners Hit Hard by Budget Changes

Strata Investment Owners Hit Hard by Budget Changes

Purchasers of second-hand residential investment units have lost their ability to claim depreciation on plant and equipment which is part of the property at the time of purchase.   In a change forecast to save $260 million dollars over the next four years, the Government will, “limit plant and equipment depreciation deductions to outlays actually incurred…
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