Every Property Investor needs to know about Depreciation. Depreciation is a non-cash tax deduction available to property investors and can be a very powerful tool if used correctly.
When an Australian Investor purchases an investment property it starts to earn an income, so, and as we know with any activity that produces an income, the ATO allowes various types of tax deduction. These tax deductions are typically items you spend money on, such as interest on borrowings, Insurance, property management fees, council rates and other items. Once you have paid your expense and been provided with a tax invoice and receipt you use that piece of paper to claim a tax deduction, as easyas that, but why then do so many property investors forget to claim DEPRECIATION?
Here is a brand new release written by Director of Washington Brown, Tyron Hyde. Tyron focuses on this area of taxation and how it can be used to increase investment returns. Written in easy to understand English, readers will learn about the basics of Depreciation as well as more complex strategies such as;
- How to prepare a depreciation report
- What building allowances and plant and equipment deductions they can claim
- How it affects residential property investments
- How to affects renovations to your property Commercial and industrial property depreciation
- Depreciation for property developers
- And much, much more
Tyron Hyde is a recognised expert in this field. Based in Sydney, he is a Director of Washington Brown where he started as an intern in 1993. With his trademark, energetic "can-do" attitude, he has helped build Washington Brown to one of the most highly regarded firm of quantity surveyors. His passion and knowledge for the industry sees that he is regularly requested for his expert opinion for publication by the media. This is Tyron's first book.