Tax Depreciation Crucial as Interest Rates at Record Lows

It’s never been more important, with interest rates at a record low and investment lending criteria tighter than ever before, to do all of your checks and balances when looking to purchase an investment property.

One calculation that is a must to take into account is that of the likely tax depreciation on the property. For a new apartment this could represent a cash saving on tax of up to $110 per week. With interest rates inevitably going to rise again this can reduce the loss on a property or even turn your property into a positively geared investment.

If you would like to know more about depreciation please please contact me at Gleeson Quantity Surveyors on 1300 290 235.