How can I get the most tax back using my investment property?
It's a common misconception that only new properties can be depreciated for tax purposes.
This is not the case.
Properties built as far back as the mid 1980s can benefit.
You can even claim on renovations carried out by the previous owner!
A depreciation schedule can be organised with us here at Baber & Co whether you are a client or not for $595 + GST.
Our depreciation schedules also calculate the capital loss which can be used to offset against capital gains tax if and when you sell your investment property - saving you even more money.
The cost of the schedule will pay for itself in your next tax return, multiple times, year after year.
You only need one, there is no need to get a new one each financial year.
And the cost of the schedule is, of course, tax deductible too!
But wait, there's more! Want to know how to minimise your spend on repairs?
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