Tax Depreciation Schedules

For each investment property that you buy from us we present you with a free comprehensive depreciation schedule that maximises tax savings. Come tax time, you simply present this report to the accountant completing your tax return.

Whether you're a major developer or a small-scale residential investor, our focus is equally detailed and our aim is crystal clear: to ensure you obtain every last cent of depreciation allowance you're legally entitled to. And that means more money in your pocket.

Here are a few facts:

• What is Property Depreciation?

  
  Just like you claim wear and tear on a car purchased for income producing purposes, you can also claim the depreciation of your investment property against your taxable income.

There are two types of allowances available: depreciation on Plant and Equipment, and depreciation on Building Allowance.

Plant and Equipment refers to items within the building like ovens, dishwashers, carpet & blinds etc. Building Allowance refers to construction costs of the building itself, such as concrete and brickwork. Both these costs can be offset against your assessable income.

• How much will my Property Depreciation Schedule cost?

  
  Stateland Properties offer this service FREE of charge when you buy an investment property from us.

Please contact Stateland Properties for more information.