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What are the main differences between Commercial and Residential Property Depreciation?

April 26, 2017Commercial depreciation differences main Property Residential

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What are the main differences between Commercial and Residential Property Depreciation?

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There are three main differences which are outlined in our article on Depreciating Commercial Property. In summary, they are: • You can occupy the building and still claim depreciation • Older buildings qualify for the building allowance • Claimable items vary by industry and effective life.