2022

Tax Depreciation Report: Maximising Deductions on Your Investment Property

If you have invested in real estate, you should plan for the preparation of a tax depreciation report for your property. This document is designed to allow investors to reduce the total payable tax through deduction claims. In general, the tax depreciation report compiles financial information on the original value of the property by calculating construction and furnishing costs. Moreover, the schedule determines the gradual loss of value to natural ageing and wear.