What is Depreciation?

What is Depreciation?

Depreciation is in relation to new investment properties and is a tax deduction that allows property owners to offset their investment properties reduction in value from their taxable income. Australian law allows investors to claim tax deductions on both the decline in value of the properties structure and items considered permanently fixed to the property and the decline in value of plant and equipment assets found within it (stoves, dishwashers, air conditioners, carpets and blinds)

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