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 youve 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. Tyron Hyde believes depreciation is often overlooked because investors simply dont know about it.
In Claim It! he explains:
What is depreciation?
How to prepare a depreciation report
What building allowances and plant and equipment deductions can be claimed
How depreciation affects residential, commercial and industrial property investments
How depreciation affects renovations to your property
The savings property developers can make from depreciation.
