Every financial year owners of investment properties are required by law to file their annual income tax returns. Quantity surveyors help property investors to claim a depreciation of their property --be it old or new-- against their taxable income. Notably, the Australian Taxation Office (ATO) requires that individuals who purchase property for income-generating activities should be entitled to some form of depreciation deduction. Here are some top tips to help new property investors benefit from depreciation deductions.
23 August 2017