September 18, 2022
For most property investors, depreciation is one of the biggest deductions they can claim come tax time. However, in our experience, it is also one of the most overlooked, with many investors missing it completely. This is particularly true for first timers, who are usually red-hot on claiming other expenses but generally forget about depreciation.
To help address this, we want to take a closer look at what depreciation is and how it works. We will also explore how it is calculated and how you go about claiming it.