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Depreciation differences: old versus new residential properties

By the resi financial blog team, 24 February 2015

Finances

Property depreciation is a non-cash tax deduction available to the owners of income producing properties.


As a building gets older, items wear out – they depreciate. The Australian Taxation Office (ATO) allows property owners to claim this depreciation as a tax deduction. Depreciation on mechanical and removable plant and equipment items such as carpets, stoves, blinds, hot water systems, light shades and heaters are all valid deductions. There are also deductions available for the wear and tear of the structural element of a building, commonly called a capi ...

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80% of Property Owners are Missing Out

By the resi financial blog team, 02 December 2014

80% of Property Owners are Missing Out

Any owner of a property which generates an income is eligible to receive significant taxation benefits. 

“Research shows that 80% of property investors are failing to maximise the deductions claimed from property depreciation and are therefore missing out on thousands of dollars in their pockets,” said Managing Director of BMT Tax Depreciation Bradley Beer. 

“Depreciation is often missed because it is a non-cash deduction – the investor does not need to spend money to claim it,” said Brad.

As a building gets old ...

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