It's tax time - don't forget to claim depreciation!
If you own investment property or have bought investment property in the 08/09 tax year it is time to get your property depreciation schedule prepared so that you can maximise your tax savings.
Did you know:
- 80 percent of investors do not fully maximise their tax entitlements.
- You are legally entitled to claim the depreciation of your investment property against your taxable income.
- All properties will attract depreciation deductions - new property and previously owned property qualify.
- If you have not been claiming or maximising your entitlements you can backdate your tax return!
How much can you claim?
Washington Brown guarantee to save you twice our fee in the first 12 months or our report will be free. Try our online tax depreciation calculator and instantly see how much you could claim or get an obligation free quote now.
What do I do with the depreciation schedule report?
Simply hand it to your accountant at tax time and they will include it with your income tax return.
Got questions?
Talk to one of our tax depreciation specialists on 1300 99 06 12 or email us.