Can I claim the depreciation renovation on a property?

Depreciation Renovations

As an investment property owner you can claim the depreciation renovations of your property, even if you haven’t carried out the work yourself – you just need a quantity surveyor to calculate the deductions for you.

If the renovation on your property started after July 1985 yes you can claim depreciation on that work and it doesn’t matter who paid for it as long as you are using that property for income producing purposes. And the good news is, even minor renovations can yield a significant amount of depreciation.

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