Unfortunately too many property investors in Australia lose out tax depreciation benefits worth thousands of dollars every year. They fail to claim the legitimate investment property depreciation deductions. Not claiming the tax depreciation on your property is like not charging rent to your tenants. One of the major reason why they don’t have a depreciation schedule is simply because their accountant never asks them to get one. Maybe because even their accountant is unaware about it. So lets try to understand what a depreciation schedule is and why does an investment property owner needs it? The dictionary definition for depreciation
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