5 Aug 2016
BENEFITS OF PURCHASING A NEW PROPERTY
When purchasing a new investment property, you can take advantage of Depreciation Benefits. Once the property is completed you can engage that services of a Quantity Surveyor who will prepare a Depreciation Schedule for the property. You can give this to your accountant and they will be able to claim the maximum possible tax deduction on your property. This will normally result in significant tax deduction, are make holding the property a great deal more affordable. Maintenance on a new property is significantly less than an older property.
There will be tax consequences when you go to see you property so please ensure you seek profession advice from your accountant before purchasing an investment property to ensure you have faces and how they relate to your specific circumstances.