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How to use depreciation to cut your tax bill

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Your Investment Property | 04 Jun 2012, 12:00 AM Agree 0
Are you looking for tax tips to save you money as the end of the financial year looms? You’d be well advised to take a good look at your depreciation allowances to make sure you’re claiming your full entitlements. You may be able to cut thousands from your tax bill, and even turn a negatively geared property into one that actually puts cash in your back pocket.
  • Kate | 05 Jun 2012, 11:40 PM Agree 0
    It is also important to be aware that depreciation will also increase the amount of capital gains tax paid when the property is sold. The amount depreciated is deducted from the initial purchase price.
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