Negative cash flow
You have a negative cash flow property when the expense of holding the property is more than the income made from the property.
What is depreciation?
Depreciation is the estimated decrease in an asset’s value over time. It’s an expense that you can add to your total expenses of holding the property, increasing your total tax deduction, therefore increasing your tax refund.
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How to claim depreciation
A qualified quantity surveyor should be able to inspect your home and prepare a report for your accountant.
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