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Claim It!
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Depreciation is a tax deduction available to property investors. An investment property earns an income, so, as with any activity that produces an income, there are various tax deductions available. Normally these tax deductions are things you've spent money on, such as property management fees, council rates and other miscellaneous items. You pay an amount of money, you receive a tax invoice and receipt, and you use that piece of paper to claim a tax deduction when tax time comes around. Sounds easy? Then why do so many property investors forget to CLAIM IT? At last there is a book for property investors on this area of taxation and how it can increase their investment returns. Written in plain English, readers will discover: * What is depreciation? * How to prepare a depreciation report * What building allowances and plant and equipment deductions they can claim * How it affects residential property investments * How to affects renovations to your property * Commercial and industrial property depreciation * Depreciation for property developers And much, much more.
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