Depreciation – Everything You Need to Know

The older any asset gets, the more likely it will lose its value. Even with the best of efforts to maintain and care for your investment. Is your car worth the same as when it was brand new? Unless it’s a classic car, it probably has depreciated in value.

When it comes to your Australian investment property, depreciation is a non-cash expenditure. Simply put, you are allowed to claim a tax deduction on the parts of your property investment Brisbane that are expected to ‘wear out’ over time.

Depreciation is determined as reducing the value of an asset over its estimated useful economic life. It is a tax deduction, not a write-off.
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