The benefits of buying brand new property for your investment are many - there is less repairs and maintenance, they're attractive to tenants, and importantly they generate the greatest tax deductions for depreciation.
Why do brand new properties generate bigger deductions for depreciation?
How much depreciation could you claim on a brand new investment property?
Brand new houses and units can typically generate tens of thousands of dollars in tax deductions for depreciation in just the first few years of ownership. See the table below for an indication of the value of tax deductions available.
* A small complex is one with only a few levels, no elevator, few shared facilities and small common area.
** A large complex is one with many levels, elevators, large common areas and shared facilities such as gymnasium, pool etc
For more information about what depreciation is and how it benefits property investors, please visit our website www.capitalclaims.com.au.
Would you like to discuss your investment property?
Contact our friendly team to discuss your property and find out what depreciation deductions are available to you. We provide free, all inclusive quotes and estimates of deductions up-front so you can feel confident before proceeding. Get in touch today on 1300 922 220.