Rental Property Second-Hand Depreciating Assets and Tax

By |2022-09-05T11:24:18+10:00September 5th, 2022|Business, News|

The ATO has recently released a reminder to tax payers on the tax deductibility of depreciation on second hand assets purchased for rental properties. Second-hand depreciating assets are depreciating assets that were already installed ready for use or used: by another entity (except as trading stock) in your private residence for a non-taxable purpose,