By: Craig Thomas, Information Taken From: http://www.washingtonbrown.com.au/
Owning residential as well as commercial properties entails a certain amount of tax to be paid for but like the other owned physical assets, their value could depreciate over time.
Aside from having different property management strategies towards getting more progressive, one must also be aware of property depreciation whether he or she owns a residential or commercial property.
When property depreciation strikes, it is essential that one is aware of depreciation schedule, a process of which investors are liable to pay a lesser amount of tax.
Tax depreciation is important especially if the quantity surveyors have already has the report that indicates how much your property has depreciated in time.
Aside from having different property management strategies towards getting more progressive, one must also be aware of property depreciation whether he or she owns a residential or commercial property.
When property depreciation strikes, it is essential that one is aware of depreciation schedule, a process of which investors are liable to pay a lesser amount of tax.
Tax depreciation is important especially if the quantity surveyors have already has the report that indicates how much your property has depreciated in time.
