2019

3 Considerations When Claiming Property Tax Depreciation On An Older Property

Many property investors consider depreciation when planning to purchase an investment property. If you own an investment property, you may be able to claim tax depreciation based on certain considerations. Here they are: Can You Claim Capital Works Deduction On The Property?  Capital works deductions are deductions you can claim for building and construction costs, building renovations, and improvements to surrounding properties. The age of your property will have an impact on whether you can claim a capital works deduction and how much it’s worth.…