New to the property investment game and struggling with the lingo? You’re not alone. Below is one definition posted by news.com.au to build your real-estate knowledge.
What’s depreciation?
Often investors can claim a portion of the depreciating value of their property. A depreciation schedule prepared by a quantity surveyor lists the items and different rates of depreciation that can be claimed against tax. When it comes time to sell, these amounts are deducted from the cost base to calculate any potential capital gain.
To learn more about the many ways in which Jim’s Building Inspections can help you reap the benefits of depreciation, please feel free to call.
As the markets change and governments fall and grow, it’s important to talk with people on top of current trends and future patterns as well as the past. Or put another way: There’s no need to feel overwhelmed.
Image Source: https://www.news.com.au/finance/real-estate/build-real-estate-knowledge/news-story/736214483a2948b3d1c8b044ebe33b33
