Property Tax Depreciation Benefits for Investment Property Owners

Investment property business is a growing sector today. And people are realizing that this is a great way to earn good money. Also, because of the property depreciation advantages this has become an extremely preferred sector.

As you might be aware that an investment property is not considered as a residential estate. Therefore, the tax calculations are also different. Investment property owner can offset the investment income by claiming the depreciation for investment property for the appliances and the assets it contains, because they are believed to deteriorate in value over the time. However, property depreciation is not taken all at once, actually it is calculated over a period of time.

Since having an investment property is a business, the income generated from it is treated as your gross income. Thus, the expenses incurred for running the business shall be deducted from that income. By the way, there are several expenses that can be deducted for property depreciation from the gross income, that include maintenance, interest on mortgage, insurance, advertising/marketing for tenants, and a few more.

Well, depreciation for investment property is one of the most common tax benefits available to investors. This is taken from the gross annual income that provides substantial tax savings for the investment property owner.

However, it’s not possible for everyone to prepare a tax depreciation schedule, because it requires comprehensive knowledge and credible experience. Moreover, the Australian Tax Office (ATO) has authorised only certified and proficient quantity surveyors to prepare tax depreciation schedules for investment properties.

So, if you own an investment property in Australia, and are looking for a reputed Quantity Surveying firm for getting a perfect tax depreciation schedule prepared for you, look no further than Property Returns!!!

You Won’t Miss Out Tax Deductions with Property Returns

Property investment is a lucrative business. The property prices have escalated in the past few years and property owners have gained good profit by selling the properties they have been holding. Also, those concerned with the rental property business are making good money, as the demands have improved due to increasing population and immigration in Australia.

Moreover, the depreciation on investment property has encouraged individuals to invest in the property business. However, property investors are often misinformed that property depreciation is only limited to new properties, but the fact is that any building irrespective of its age is eligible for some sort of claim for tax depreciation. Recent researches show that only 20% real estate investors take full advantage of the available depreciation for investment property.

Every year, several property owners lose potential property depreciation benefits by failing to take full advantage of the depreciation on investment property.

Do you have a professional tax depreciation report or schedule for your investment property?

If not, then you can do so by hiring a Quantity Surveying firm like Property Returns that specializes in preparing tax depreciation reports. This is the most effective way to ensure that you maximize your property tax deductions.

Property Returns is dedicated to providing the best possible service to its clients in Australia. The expert staff pays full attention to every detail and handles all matters professionally, to ensure that the clients receive maximum depreciation for investment property.

Property Returns is the market leader in the field of property depreciation and its clients include some of Australia's elite real estate investors. The organisation complies with all Australian Taxation Office (ATO) regulations, and therefore it is the best firm for getting the tax depreciation reports prepared.

Make The Most Of Property Tax Depreciation

Numerous tax benefits are available to property investors in the form of tax depreciation. Yet, many rental or investment property owners fail to make the most out of these property depreciations!!

Well, there can be two major reasons for this; first - may be because they are totally unaware of them, second - they may deliberately avoid these property tax depreciations due to the fear of tax audits!!!

But, with some knowledge about these property depreciation benefits, you can easily make your rental business a lot profitable than ever.

However, it’s not necessary for you to know everything about property tax depreciation, because there are experts who know everything, and they are always available to help you. They are known as Quantity Surveyors, and they specialize in preparing depreciation schedules for rental or investment properties.

Tax Depreciation Report

Expert Quantity Surveyors are well aware about all types of property laws, guidelines as well as the rules and regulations set by the government bodies for computing the property tax depreciation reports.

Once you hire an experienced Quantity Surveyor, all your issues related to property depreciation will be taken care of. They have ample knowledge and experience necessary for preparing comprehensive depreciation schedules.

The job of a Quantity Surveyor starts from inspecting the property, identifying each and every claimable item, to preparing the necessary documentation for property depreciation and finally filing the tax returns.

So, if you are looking for experienced and well-educated quantity surveyors in Australia who can prepare the most viable tax depreciation reports and help you get maximum tax returns, you must opt for the best Quantity Surveying Firm i.e., Property Returns!!!