Four property depreciation myths that investors need to know: Washington Brown

Depreciation is basically a tax deduction available to property investors across Australia.

Depreciation allows you to claim a tax deduction for the wear and tear on an investment property over time.

This tax deduction recognises the fact that the building itself, as well as its plant and equipment will become worn out over time and eventually need to be replaced.

It doesn’t matter that these items were paid for by someone else – the developer or prior owner – as you, the current owner, can claim deductions as they continue to depreciate in value.

To learn more about depreciation, download our handy guide.

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