🔎Depreciation and New construction💭
Newer properties have newer fixtures 🚰🚿🛁and fittings, so the starting value of those items are higher, resulting in higher depreciation deductions💰💰. The same applies to the capital works deduction. 2.5% of the structural costs of a building can be claimed per year for forty years. 🕑🕖🕛Construction costs generally increase over time, making building write-off deductions on new buildings higher.📈 Rather than trying to find cash after construction to complete finishes to the home your money will be working harder for you 💵 💪🏽 if you built an investment property to the truest sense of the word turnkey 🏡and be able to claim greater deprecation over time.
Comment below👇 #construction#builder#accountant#taxreturn#learnsomethingnew#investment#building#equity#bni#cashflow#cashflowquadrant@richdad_poordad#takeaction