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Buying new property or existing – from a depreciation perspective

Buying new property or existing – from a depreciation perspective

Buying new property or existing – from a depreciation perspective

Owning a property is a big financial responsibility, and there are many factors to consider when you decide to buy.

Although depreciation is never the primary reason for purchase, it certainly has quite a bearing on the cash flow of your property that cannot be overlooked.

Duo Tax Depreciation have created the following video giving detailed pros and cons for each situation when deciding between purchasing a brand-new and existing property in the context of tax depreciation.

ADF members where you have posted away and rented out your home – you may be able to claim Capital Works write-offs.

The above can also be viewed here on YouTube

If you’re considering buying a property and want to discuss tax depreciation, tax planning or have general questions about investing in property, contact us today