Property depreciation is one of the most effective tools for reducing tax liability for investors.
John Sage emphasizes that a structured depreciation schedule allows rental property owners to deduct the cost of wear and tear and structural decline, lowering taxable income.
Using a depreciation schedule ensures you can claim all legitimate deductions, legally accounting for property value loss and protecting rental income.
Even if prior refurbishments exist, working with a professional quantity surveyor ensures you can claim maximum depreciation benefits.