Did you know that many landlords leave up to 30% of eligible tax deductions on the table every year?

This often overlooked opportunity stems from not capitalising on depreciation for yearly property upgrades and maintenance. If you’re a landlord investing in keeping your property top-notch, there’s a good chance you’re not claiming all that you can.

Depreciation isn’t just about the wear and tear of a building itself—it also covers the capital expenditure on improvements, no matter how routine they seem. Whether it's replacing an old fence or updating your heating system, these investments can and should be depreciated over their useful life. Yet, many overlook this, treating annual maintenance as mere expenses that only provide immediate tax relief without considering the long-term depreciation benefits.

Let’s break it down with a simple example: suppose you spend $10,000 on a new roofing. This isn't just a one-time expense; it’s an investment into your property’s future market value and usability. By adding this to your property’s capital works, you not only enhance its value but also stretch the tax deductions across the roof’s effective lifetime, rather than just the installation year.

The key here is to ensure every dollar spent on enhancing your property is working for you in every possible way. This means keeping diligent records of all capital improvements, no matter how small they seem, and ensuring your tax depreciation schedules are meticulously updated to reflect these changes.

If you haven’t been maximising your depreciation claims on property upgrades and maintenance, now is the time to start. Review your past upgrades, consult with a depreciation expert, and adjust your future filings. You might be surprised at how much you can save.

Landlords, it’s time to stop missing out on money that should be in your pocket. Contact TDQS - Tax Depreciation & Quantity Surveyors Tap into the potential of your investments by making sure every upgrade counts—not just today, but over its entire useful life. Want to learn more about how you can enhance your property’s value and save on taxes? Reach out today https://calendly.com/patrick-chu-i8o/one-to-one-meeting and let’s make your investments work smarter, not harder. Start claiming what’s rightfully yours and watch your returns grow! ?????

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