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Tax Depreciation FAQ

Tax Depreciation FAQ

What is depreciation?

As a building gets older and items within it wear out, they depreciate in value. The Australian Taxation Office (ATO) allows property investors to claim a deduction relating to the building and fixtures it contains. Depreciation can be claimed by any owner of an income-producing property. This deduction essentially reduces the investment property owner’s taxable income.

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5 Tax Tips for Expatriates Returning to Australia

5 Tax Tips for Expatriates Returning to Australia. We know you have plenty of things to do when planning for your return back to life in Australia. Not least is to organise your Australian tax affairs. Australia’s tax system is complicated and can be costly for the unaware. After all, you don’t want to have tax regrets just because you didn’t get around to proper planning before arriving back in Australia.

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