All Topics / Legal & Accounting / depreciation tax

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  • Profile photo of frosty1frosty1
    Member
    @frosty1
    Join Date: 2007
    Post Count: 61
    January 9, 2009 - 10:12 am

    Hi All,

    Could someone please tell me,

    Can you still claim depreciation for an IP, against your personal income tax ( marginal rate ),

    If the property is positively geared??

    EG- rental income is higher than loan interest and holding costs.

    I'm sure you can but would like to check

    Thanks,
    Frosty

    Profile photo of washingtonbrownwashingtonbrown
    Participant
    @washingtonbrown
    Join Date: 2006
    Post Count: 44
    January 9, 2009 - 11:16 am

    Absolutely you can. What a bonus!

    This question will be pondered by investors more and more as rates come down.

    Work out how much you can claim using our calculator. http://www.washingtonbrown.com.au

    Regards

    Tyron

Viewing 2 posts - 1 through 2 (of 2 total)

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