Depreciation . www.renos.com.au | email@example.com | 1300 550 656. What is Depreciation?. Hidden cash flow for property investors As buildings get older items wear out – they go down in value You can get a tax benefit for this! You can’t claim depreciation for your PPOR.
www.renos.com.au | firstname.lastname@example.org | 1300 550 656
Must be carried out by a Quantity Surveyor (QS) then applied
by your accountant.
You can only get depreciation out of new or near new buildings.
Depreciation may include:
$385,856 over 9 years.
They even depreciate the egg cups!
$81,000 first year!!!
Scrapping value $15,000
$40k to Vinnies
Even a 30 year old building has $54,178 of deductions!
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