rba

Investment property owners can recoup 2 years of missed deductions with a Depreciation Schedule

Investment property owners can recoup 2 years of missed deductions with a Depreciation Schedule

With the RBAs announcement of another interest rate rise, owners of investment properties will likely be feeling the squeeze with pressure on their cash flow.

Further interest rate hikes are expected throughout the year, so any way to supplement the return on an investment is essential right now.

The simplest and most effective way to offset increasing interest costs is to start claiming Depreciation - and owners can claim up to two prior years of depreciation on an investment property for an instant refund back from the ATO.