Lien & Ling Consulting - Tax Depreciation

Lien & Ling Consulting - Tax Depreciation Tax Depreciation Schedule WHAT IS TAX DEPRECIATION? Building Allowance refers to construction costs of the building itself, such as concrete and brickwork.

Tax depreciation is just like you claim wear and tear on a car purchased for income producing purposes, you can also claim the depreciation of your investment property against your taxable income. There are two types of allowances available:

- depreciation on Plant and Equipment (Division 40 Plant Allowances)
- depreciation on Building Allowance (Division 43 Capital Works)

Plant and Equipment

refers to items within the building like ovens, dishwashers, carpet and blinds etc. Both these costs can be offset against your assessable income.

Address

Brisbane, QLD
4000

Opening Hours

Monday 8:30am - 5pm
Tuesday 8:30am - 5pm
Wednesday 8:30am - 5pm
Thursday 8:30am - 5pm
Friday 8:30am - 5pm
Saturday 8:30am - 5pm
Sunday 8:30am - 5pm

Telephone

+61427387353

Website

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