A: Last Updated 13 February 2015

For all income producing properties, the Australian Tax Office (ATO) requires that the owner declares any income received from an investment property on their tax return each financial year. The ATO then allows property owners to claim any expenses incurred through the maintenance of the property including depreciation. This deduction essentially reduces the investment property’s taxable income – you pay less tax.

Unable to find what your looking for?

Ask a question or search more topics

Talk to a depreciation specialist on 1300 728 726, email info@bmtqs.com.au, contact us now via LiveChat or simply request a quote and we’ll be in touch.