Depreciation – the time to file your 2016 tax return is now upon us.
Changes to depreciation rules were made in 2011 and it surprises the team at Valuit the number of people that are not up to speed with the changes. The easy solution seems to be to advise property investors that it is no longer worth claiming depreciation. At Valuit we beg to differ. Depreciation is all about cash flow and as investors cash flow is critical.
Despite the changes in 2011 that has removed the ability to claim depreciation on some items including the building structure, there is still plenty to be claimed.