513 investment properties & tax: deductions, depreciation schedules, land tax, CGT, trusts + more
this is property
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The Importance of Appreciation Schedules
The maximum depreciation is on new properties, isn't it? It just reminded me that they are maximum in their tax deductions. But we've got to ensure that the assets going to be right for us first and foremost. And another trap there you can be with, if you spend an extra 50,000 thinking about the depreciation schedule,. With your borrowing the money, that extra50,000 doesn't cost you 50,000 in the end. For a depreciation expense, you don't get the benefit in the first year.
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