Tax depreciation is a deduction against the taxable income of a taxpayer that's generated by a property. It is one of the best tax breaks available for property owners and can lead to huge tax savings. The type of property you invest in determines the amount of tax depreciation you receive annually. One of the major investment choices you have to make is whether to invest in a house or units.
If you are about to do a large scale renovation on your property, or if you're thinking about start a completely new building project, you surely have a lot on your mind. The budget is possibly the biggest cause for concern for people looking to take on a large project. It's easy to set out a budget that later turns out to be a complete miscalculation. Current prices on material, taxes, licenses, and paying too much for different types of services are all things that can ruin your budget.