One of the most valuable tools for property investors is depreciation, which can reduce tax obligations considerably.
According to John Sage, a depreciation schedule allows the deduction of wear and tear and property devaluation from taxable income, minimizing taxes payable.
Using a depreciation schedule is the sole legal way to claim the property’s structural loss in value, maximizing potential savings while protecting your rental returns.
Even in previously refurbished properties, a quantity surveyor can help investors secure the highest possible depreciation benefits.