Property Tax Depreciation Services

Why do you need a depreciation report?

As a property investor, you want to maximize the return on your investment, improve your cashflow and lawfully reduce your tax expense. By having Write It Off complete a property depreciation report for you, the total expenses claimable on your tax return are significantly increased and thus reduce your taxable income. This has the effect of greatly reducing your tax obligation and boosts your cashflow and ultimately increasing your return on investment.

General Depreciation Rules

As a general rule, depreciation is available to any property owner who obtains assessable income by way of rent from an investment property.

A depreciation deduction acts by reducing your taxable income and, therefore, generating a greater return on your property investment.

Who can use a depreciation report

Anyone wishing to lodge a tax return with rent from an investment property as part of their income. It provides you with a legitimate tax deduction that has the effect of reducing your taxable income and thus reducing the amount of tax payable.

How does it improve your tax situation / cashflow?

Below we provide a brief calculated example of using depreciation as a tax deduction and how it improves your tax situation. Note: example is based on an individual tax payer and is illustrative only. In every situation professional tax advice should be obtained from your accountant or tax adviser.