TAX DEPRECIATION SCHEDULES

 

 

Tax Depreciation can be claimed by any owner of an investment property who lodges a tax return with the Australian Tax Office (ATO). The obvious benefit of claiming depreciation on your investment property is you are reducing your taxable income and therefore have to pay less in tax to the ATO. Average house deductions range between $3,000 and $6,000 per year and can be up to $10,000 for strata title units depending on various factors. These deductions can be claimed for up to 40 years on new properties all from one report. Our reports show the deductions for the first ten years of ownership, however this can easily be extended by your accountant. Our fee for providing a Tax Depreciation Schedule is fully tax deductible too.

 

Tax Depreciation Schedules need to be produced by qualified professionals with experience in construction costing for the report to be recognized by the ATO.

 

NPR Property Consultants provides Tax Depreciation Schedules for property investors. Act now! Don’t give the Government any more of your hard earned money than you have to.