Depreciation is one of the most effective ways for property investors to reduce their taxable income.
John Sage notes that a well-prepared depreciation schedule allows deductions for the wear and tear and decline in value of a rental property, lowering tax liabilities.
By using a depreciation schedule, investors can legally claim all eligible deductions, protecting rental income and maximizing tax savings.
Even refurbished properties can yield significant tax benefits when a professional quantity surveyor is engaged to calculate depreciation accurately.