Depreciation Schedules and Property Valuation in Australia: What Investors Should Know
Understanding how depreciation and property valuation work together is crucial for real estate investors in Australia. A professionally prepared depreciation schedule can significantly reduce your taxable income, while a correct property valuation ensures the schedule is based on accurate asset values. What Is Property Depreciation? Property depreciation refers to the decline in value of a building and its fixtures over time. For tax purposes, the Australian Taxation Office (ATO) allows investors to claim deductions for this wear and tear—reducing