WANT 43 TIPS TO SAVE $$$ ON YOUR NEXT PROPERTY AND AVOID THE ONE BIG MISTAKE MOST PEOPLE MAKE? Yes, Please
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Paul Palella has extensive experience in the real estate
industry, and is a property depreciation specialist.

TAX DEPRECIATION

 

As part of our Premium buying package, we prepare property depreciation schedules for our clients buying investment properties.

Our expertise is property, and we aim to provide a comprehensive service for our clients when it comes to buying real estate, from pre-purchase right through to post-purchase.

As part of our Premium buying package, we prepare property depreciation schedules for our clients buying investment properties. Put simply, depreciation is a reduction in the value of an asset over time due to wear and tear, and at tax time you can claim this wear and tear on assets purchased for income-producing purposes as a deduction. Claiming depreciation allowances on your tax return helps you to maximise the return on your investment and produce a healthier cash flow, and hence it is an invaluable component of a property investor’s strategy.

A depreciation schedule can be given to your accountant to use when preparing your tax return. It sets out the depreciation allowances investors can claim on their property. Prior to a scheduled being prepared a detailed site inspection is made, photographs are taken, buildings are measured and plant is inspected, quantified and recorded.

Paul Palella has extensive experience in the real estate industry, and is a property depreciation specialist. As the Director of quantity surveying firm Property Wealth Australia, he has helped property investors maximise the return on their investment through the provision of depreciation schedules for many years.

Contact Us Today to find out how we can help you secure the ideal property for you.

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