What is Property Depreciation? Property depreciation is a legal tax deduction related to the ‘wear and tear’ of an investment property over time. A tax depreciation report (or schedule) outlines the deductions you may be entitled to claim each year of ownership on the Building Allowance (the structure itself, including bricks, concrete etc.) and the […]

What is Property Depreciation? Property depreciation is a legal tax deduction related to the ‘wear and tear’ of an investment property over time. A tax depreciation report (or schedule) outlines the deductions you may be entitled to claim each year of ownership on the Building Allowance (the structure itself including bricks, concrete, etc.) and, if […]