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Not long til tax time: don’t forget Depreciation!

16 Jun 2014 murraybridge 0 Comment

Have you had a Depreciation schedule prepared for your rental investment property? You can get the ball rolling before June 30 if you act now. Your Professionals SA Property Manager recommends the specialist service called DEPPRO. All they do is property depreciation, so they are the experts and can ensure you receive maximum benefits from your investment property. The sooner you complete the report, the sooner you can begin claiming your tax deductions.

A recent report on Terry Ryder’s Hotspotting property newsletter suggests many landlords across the country are not claiming the maximum depreciation deductions possible.

For more information contact Professionals SA, or call DEPPRO on 1300 888 489.

Just like it’s a good plan to give your rental property an annual maintenance once-over to pinpoint any potential problems and fix them before they escalate – June is the perfect month for a tax make-over.

Schedule time to meet with your accountant to assess your personal circumstances and find out whether changes to your property portfolio now will make good sense come June 30.

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