A: Last Updated 13 February 2015

Depreciation is a tax deduction available for the decline in value of any asset over time due to wear and tear. Property depreciation specifically relates to investment properties and refers to the deductions available for the decline in value of a building and its plant and equipment assets over time.

The Australian Tax Office (ATO) allows property investors to claim depreciation as a deduction on their taxable income each financial year, for any income producing property. These deductions reduce your taxable income allowing you to pay less tax and increase the cash flow from your investment property.

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