How do the figures indicated on the Tax Depreciation Calculator help me?
The allowances indicated on the calculator result in real dollar tax savings to you. Depreciation allowances reduce your taxable income. For example, if your depreciation report specifies a claim of $10,000 – then your taxable income should be reduced by that amount. • How long will it take to complete my report? Your depreciation report will take approximately 2-3 weeks to complete, as long as your tenant allows us to inspect your property without delay. • How much will my depreciation Schedule cost? In order to claim any allowance indicated on the calculator, you will need a specific depreciation report for your property. To get a depreciation report specific for your property, simply click here: Tax Depreciation Quote The cost of a depreciation report is quoted individually and the fee is 100% tax deductible. • Is my property too old to claim Depreciation? The simple answer is no. If your residential property was built after July 1985 you will be able to claim both Building Allowanc
