IN SIMPLE terms, your Depreciation falls under two separate (but related) categories:
- Plant & Equipment items (Division 40)
- Capital Works allowance (Division 43)
And not everyone is in a position to acquire a stand-alone property.
More often than not, you’ll be looking to purchase a “strata-title” Office or Warehouse — involving an Owners Corporation and some common-area property.
As such, you may not be aware of the full extent of what you are entitled to, by way of your Depreciation claims.
However, by having a tax depreciation schedule professionally prepared, you can significantly enhance the overall return on your investment. [Read more…]