Depreciation saves investors thousands of dollars each and every year. It’s the only non-cash deduction available, meaning they never need to spend anything to claim it.
Investors who self-assess or estimate costs based on their own judgement when lodging their tax return are potentially missing out on thousands of dollars, according to BMT Tax Depreciation.
Jesse and Mel’s chances of winning The Block may have increased slightly after their property was shown to hold nearly $3.68 million in tax deductions for the future buyer should they decide to rent the property out.