Hi,
For those with the expertise in Depreciation schedules / taxation, and I understand my question may be somewhat difficult to answer with various variables but here goes...
I'm trying to get a ball park figure for tax purposes regarding depreciation for a new property and how beneficial it is come tax return time
say a to be newly built investment property - build for 200k
against an income of 160k (wages and rental income)
would depreciation on an average property built at $200k generally realise an added return at tax time of a few hundred dollars or a few thousand....?
For those with the expertise in Depreciation schedules / taxation, and I understand my question may be somewhat difficult to answer with various variables but here goes...
I'm trying to get a ball park figure for tax purposes regarding depreciation for a new property and how beneficial it is come tax return time
say a to be newly built investment property - build for 200k
against an income of 160k (wages and rental income)
would depreciation on an average property built at $200k generally realise an added return at tax time of a few hundred dollars or a few thousand....?