1.0Assets Economicshttps://www.asseteconomics.com.aukookahttps://www.asseteconomics.com.au/author/kooka/rich600338<blockquote class="wp-embedded-content"><a href="https://www.asseteconomics.com.au/tax-depreciation-reports-explained/">Tax Depreciation Reports Explained</a></blockquote> <script type='text/javascript'> <!--//--><![CDATA[//><!-- /*! This file is auto-generated */ !function(c,d){"use strict";var e=!1,n=!1;if(d.querySelector)if(c.addEventListener)e=!0;if(c.wp=c.wp||{},!c.wp.receiveEmbedMessage)if(c.wp.receiveEmbedMessage=function(e){var t=e.data;if(t)if(t.secret||t.message||t.value)if(!/[^a-zA-Z0-9]/.test(t.secret)){for(var r,a,i,s=d.querySelectorAll('iframe[data-secret="'+t.secret+'"]'),n=d.querySelectorAll('blockquote[data-secret="'+t.secret+'"]'),o=0;o<n.length;o++)n[o].style.display="none";for(o=0;o<s.length;o++)if(r=s[o],e.source===r.contentWindow){if(r.removeAttribute("style"),"height"===t.message){if(1e3<(i=parseInt(t.value,10)))i=1e3;else if(~~i<200)i=200;r.height=i}if("link"===t.message)if(a=d.createElement("a"),i=d.createElement("a"),a.href=r.getAttribute("src"),i.href=t.value,i.host===a.host)if(d.activeElement===r)c.top.location.href=t.value}}},e)c.addEventListener("message",c.wp.receiveEmbedMessage,!1),d.addEventListener("DOMContentLoaded",t,!1),c.addEventListener("load",t,!1);function t(){if(!n){n=!0;for(var e,t,r=-1!==navigator.appVersion.indexOf("MSIE 10"),a=!!navigator.userAgent.match(/Trident.*rv:11\./),i=d.querySelectorAll("iframe.wp-embedded-content"),s=0;s<i.length;s++){if(!(e=i[s]).getAttribute("data-secret"))t=Math.random().toString(36).substr(2,10),e.src+="#?secret="+t,e.setAttribute("data-secret",t);if(r||a)(t=e.cloneNode(!0)).removeAttribute("security"),e.parentNode.replaceChild(t,e)}}}}(window,document); //--><!]]> </script><iframe sandbox="allow-scripts" security="restricted" src="https://www.asseteconomics.com.au/tax-depreciation-reports-explained/embed/" width="600" height="338" title="“Tax Depreciation Reports Explained” — Assets Economics" frameborder="0" marginwidth="0" marginheight="0" scrolling="no" class="wp-embedded-content"></iframe>If you are a property investor you have probably heard the term ‘Tax Depreciation Report’ thrown around and wondered what it’s all about. So, what exactly is a Tax Depreciation report, why do you need one and how should you go about it? We are about to tell you all that and more, so read on. What is a Tax Depreciation Report? In short, a tax depreciation report is an analysis of an investment property so that investors can work out what deductions to claim on tax. A quantity surveyor from a specialist firm such as Asset Economics will assess your property and prepare a tax depreciation schedule that will list every item in your property that is declining in value. You can then claim for the amount the items in your property have decreased or ‘depreciated’ when you do your tax return. Why should I get a Tax Depreciation Report? Essentially, tax depreciation reports help get property investors more money at tax time. The reason getting a professional report done is so important is because there are many things inside a property that most people wouldn’t know you could claim. The items you can claim on tax are not […]