Tax Depreciation FAQ

What is depreciation?

As a building gets older and items within it wear out, they depreciate in value. The Australian Taxation Office (ATO) allows property investors to claim a deduction relating to the building and fixtures it contains. Depreciation can be claimed by any owner of an income-producing property. This deduction essentially reduces the investment property owner’s taxable income.

Minimise your tax using property depreciation. I frequently say that Australian property can be a desirable investment prospect for expatriates looking to minimise their Australian tax, both while overseas and when they return home.