1. More than 60% of investors don’t claim
The maximum deductions on their investment property, because they are not claiming for depreciation. At least half of these investors believe their accountant is taking care of it for them already (and they’re not). Without a quality report prepared by a professional Quantity Surveyor, you are missing out on cash today.
2. 90% of older properties still qualify
Although the original building may not qualify, improvements and additions completed over time will. Plus, Division 40, or removable assets are assigned a new value with each purchase and will still be claimable in most cases. 90% of older properties can still generate substantial returns for their investor owners.
3. Claim for other people’s work
Any improvements or additions completed on the property, prior to your purchase will be considered for depreciation purposes. The fact that you don’t know when the work was completed, or how much it cost, doesn’t matter. Our experts are qualified to estimate those details, and ensure your deductions are maximised.
4. Claim for assets thrown out
Many investors don’t realise that when they renovate an investment property, it is not just the new assets depreciable. The residual values of the assets that are thrown out are claimable, as an immediate lump-sum deduction in the year the items are discarded. This can boost deductions substantially!
5. Typically the largest deduction
Averaging between $6,000 and $12,000 in the first full year, for standard residential properties, Tax Depreciation is often one of the largest deductions claimed by investors. Using a Tax Variation form to adjust the tax deducted from your wages, means you can access the extra cash and improve your cash flow sooner.
6. Benefits outweigh CGT impact
The value of having the additional cash available up-front to reduce debt or reinvest, combined with the discounts (and in some cases exemptions) available for CGT, claiming Tax Depreciation is utilised by smart and experienced property investors to grow their portfolio faster and more effectively.
If you are interested in finding out more – please visit http://www.capitalclaims.com.au
