Offset rising interest rates by claiming Depreciation

With official interest rates rising for the first time since November 2010, many investors will be experiencing some financial stress with today’s rate decision.

So what can you do to offset this?

The simplest and most effective way to offset increasing interest costs is to start claiming Depreciation. It’s the second biggest tax deduction
(ATO, 2021) yet most investors don’t have a Schedule in place.

DEPRECIATION SCHEDULES
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MORE TAX DEDUCTIONS

How much can you claim?

Most people ask us this question, so here are some examples of typical property types:


However, if you are still unsure, Asset Reports will provide an Estimate (for free) before you proceed so you know how much you can claim to allow you to make an informed decision. 

And if you've owned the property for some time and haven’t claimed Depreciation in previous years, the good news is you can claim up to two prior years for an instant refund back from the ATO.

Don’t pay over $700 for a Depreciation Schedule!

Standard Residential: $595 (inc GST)
Brand New Apartments: $295 (inc GST)

Depreciation Schedules can last up to 40 years so it's important to keep them up to date to ensure maximum deductions. ​​​​Asset Reports include one FREE update per financial year to include any additions or updates.

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