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ACP Quantity Surveyors

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Just like a car declines in value, so does an investment property. If the property is being used to generate an investment income, the Australian Taxation Office (ATO) allows the property owner to claim back the decline in building value by way of a Tax Deduction. The amount of the deduction varies depending upon the date of the original building construction but for eligible buildings is either 2.5% or 4% of the Capital Works Component of the building cost.
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