Maximising returns as a property investor involves more than just smart buying and financing—it’s about leveraging every opportunity. One often-overlooked strategy that can significantly boost your cash flow is property depreciation. You can access valuable tax benefits by claiming deductions for the wear and tear on your property.

API has partnered with Tuan Doung and his team at Duo Tax Quantity Surveyors to simplify property depreciation for our clients. Tuan emphasises, “As a property investor, I know the challenges of making every dollar count right now. That’s why at Duo Tax, I am committed to supporting our clients through these tough times. My team and I have a goal in educating property investors on how a tax depreciation schedule can make a real difference, potentially putting thousands back into their pocket each year.”

Duo Tax offers efficient, cost-effective solutions through detailed depreciation schedules. Tuan has put together a straightforward guide, “What is a Depreciation Schedule: A Beginner’s Guide,” which states that “You can expect a detailed depreciation schedule to contain the following elements: 

• Glossary: ATO jargon can be tricky to grasp, so a good depreciation schedule will contain a glossary of terms to help you understand exactly what you’re reading. 

• Breakdown of your capital works deductions: You should be able to see how much the structural components of your property have already depreciated and how much it will continue to depreciate. 

• The effective life of eligible plant and equipment assets: The depreciation schedule should provide you with an itemised list of all eligible plant and equipment assets on which you can claim a deduction, as well as its prescribed effective life (i.e., how long you can use the item). 

• Both calculation methods: You should be able to see how much depreciation you can claim according to both methods so that you can decide what you prefer. 

Low-value pool assets: If you have assets with a value less than $1,000, you can add them to a low-value pool, which allows you to claim deductions for the pool at a set annual rate.”

To read the full article from DuoTax click here.

As a valued API client, you can access an exclusive discount on DuoTax Depreciation Schedules and start optimising your property investments today.

CLICK ON THE BUTTON BELOW for your ‘discount code’.