Maximising Your Depreciation Use A Good Quantity Surveyor

 
As a property investor it is important to maximise cashflow within our properties. One effective way of doing this is through a depreciation schedule, where we can claim against our tax the amount of the value of items in our properties as they age.
 
Many investors fail to make the most of the services that quantity surveyors provide. Properties of any age can be surveyed and provide tax benefits through depreciation. Your quantity surveyor and accountant can provide advice on how much you can claim, and this will help reduce your tax at the end of the financial year.
 
One thing to bear in mind is that depreciation is tax-deferral and not tax-avoidance. The amount you depreciate will be added to your cost base when you eventually sell and may affect your capital gains tax if this is payable. However, the benefit of the cash advantage upfront cannot be discounted. What can you do with this cash if you have it NOW and can reinvest it in the mean time?
 
For more information on quantity surveyors and how they can help your investing, see the link below.
 
For a recommendation of a skilled Quantity Surveyor in your area, please contact us from the form below or email us at enquiries@achieveproperty.com now.
 

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