You’d think that when someone buys a rental property they would do everything possible to maximise the tax advantages that come with this kind of investment, wouldn’t you? Well, according to some research by one of Australia’s largest firms of Quantity Surveyors, as many as 80% of investors are unaware of all of the savings that are available to them…yes, 80%! One of the most commonly overlooked deductions by property investors is depreciation, a concept based on the understanding by the Tax Office that as a rental property get older, various items within the building will wear out, thereby depreciating in value. Generally speaking, depreciation may be treated as a tax deduction by any property owner who earns an income from the property. If you are a landlord, our advice is to make sure that you get a tax depreciation schedule prepared by an experienced professional, as this will allow you to identify what you can claim for, and how much you can claim. Of course, if you do have any questions about your current investment property or how the rental market is performing in your area at the moment, you can always call our team of experienced rental specialists, headed up by Director Frank Bernardelle, at any time on 9375 9111.