5min chapter

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206 what is tax efficiency part 3

Dev Raga Personal Finance

CHAPTER

How to Claim Depreciation in Victoria

You can also claim depreciation on any renovations which were done as well. But of course, there are specific rules that apply. In victoria, some properties you need to include white goods, so if you buy them, you can claim depreciation. So it's important to keep receipts for that garden and maintenance. Insurance is a no brainer: building insurance, landlord insurance, contents insurance. It's definite and it's sizable. And if you're doing income tax and you've got, a property that's claimable, you know to keep receipts and claim the deductions.

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