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.
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.
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.
Mark is an expert quantity surveyor, business owner, public speaker and property developer. With 20+ years experience in the construction and quantity surveying industry Mark’s specialist expertise have been sought in consultant capacity by professional bodies such as the National Institute of Accountants and the National Tax and Accountants Association, and he has presented at various property and tax seminars and expos nationwide. Mark holds a Bachelor of Construction Management from the University of Newcastle, is an affiliate member of the Australian Institute of Quantity Surveyors and a Registered Tax Agent.View all posts by Mark Wilkins