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This week on our blog, we’re taking a look at Tax Depreciation. Professionals Real Estate Tax Depreciation by DEPPRO (a leading property depreciation company) is a specialist service to assist property investors to claim full tax entitlements from their investment properties.
A DEPPRO property depreciation tax report provides a 40-year schedule for capital works allowance (building write-off) and depreciable assets (plant and equipment allowance) on an investment property, ensuring owners receive the maximum tax entitlements. Based on your allowances, the report calculates the amount you can deduct each year as part of your tax return.
A DEPPRO report begins from the Settlement Date from when you purchased (or built) your investment property.
The DEPPRO depreciation report is valid for the lifetime of the investment – you only need to have it prepared once. However, it is recommended you update your schedule if capital works are undertaken on the property or assets in the house are replaced.
For more information, visit: http://sa.professionals.com.au/resources/tax-depreciation/ or please call 1300 888 489.