For many property investors, reducing tax is a key part of their investment strategy. Yet surprisingly, many investors are missing out on a major tax deduction that could save them thousands. It’s called depreciation.
Depreciation or claiming the lowering in value of items within your property or the property itself can be an ample way to lessen your tax expenses and to get the most out of your return on investment. If you’re not maximising your depreciation on your investment property, you could be missing out too.Continue reading