Download Rate Finder and search by either asset or industry to find the effective life for any ATO recognised asset, and see the depreciation rate for the two methods of depreciation; prime cost and diminishing value.
Every property investor can claim yearly deductions for the wear and tear on their building and its fixtures and fittings. The effective lives and rate of depreciation for assets within Rate Finder are as set out by the Australian Taxation Office.
Start your search for a depreciable asset’s rate and start claiming depreciation today.
For more information on property tax depreciation visit www.bmtqs.com.au