Monthly Archives: March 2021

The complexity of depreciation unsurprisingly has many scratching their heads. While investors don’t need to be depreciation experts, here are some of the most common questions on this area of taxation. 1. What is depreciation and how does it work? It’s the natural wear and tear of a property and assets over time. While all […]

Property rental rates and values can change, and this is particularly evident for units and other types of strata complexes. One thing that remains constant is the tax deductions rental properties provide to their investor owners. An added benefit is the lucrative common property depreciation deductions strata investors can claim. What is common property? When […]

You don’t need to be a depreciation expert but understanding some of the key concepts surrounding this complex area of taxation can help your ongoing investment strategy. Capital works deduction This is the depreciation deduction you can claim on the structural component of the building and any fixed assets. Some common examples include walls, doors, […]

Renovating an investment property is different to renovating your own home. Whether the renovation is big or small, you will be taking a head over heart approach and doing what will help you improve your return on investment. Claiming depreciation deductions on the assets installed during a renovation usually isn’t front of mind. However, choosing […]