Australian Property Investor Magazine --- Page: 64 : July 2007 No author supplied for original article
ABIX Summary
A tax depreciation schedule can be very useful to a property investor. It consists of the various items in a rental property, their remaining "life", and the amount that can be written off them by the property owner against his or her assessable income. Paul Bennion, of DEPPRO, says that young Australian property investors are much more likely to make use of tax depreciation schedules than older Australians, and that the possible tax deductions available through depreciation can be as much as 60 per cent of a property's purchase price.
