The end of the 2016/17 financial year is almost here, so now’s the time to look at Investment Property Depreciation to minimise your tax.
Just like you claim wear and tear on a car purchased for income producing purposes, you can also claim the depreciation of your investment property against your taxable income.
If you own a rental property and haven’t already done so, arrange for the preparation of a Quantity Surveyors Report to allow you to claim the maximum amount of depreciation and building write-off deductions on your rental property.
