Investors Information |
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What is a Tax Depreciation report? |
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Just like you claim wear and tear on a car purchased for income producing purposes, you can also claim the depreciation of your investment property against your taxable income. There are two types of allowances available: depreciation of Plant and Equipment, and Building Allowance. Plant and Equipment refers to items within the building like ovens, dishwashers, carpet, light fittings, blinds etc. Building Allowance refers to construction costs of the building itself, such as concrete and brickwork. Both these costs can be offset against your assessable income. |
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How much will I save? |
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| Each property is different and many varying factors must be considered when preparing a Tax Depreciation Report. | ||
How do the savings help me? |
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Depreciation allowances reduce your taxable income. For example, if your depreciation report specifies a claim of $10,000 – then your taxable income should be reduced by that amount. |
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How much will my tax depreciation report cost? |
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| When you purchase a House and Land Package through ARB Homes, you will receive this report for free. This will be given to you when the house completes construction. |