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Investors Missing Out on Important Claims

Balance sheetIn an article for the website Street News, Bradley Beer lends focus on how investors are missing out on claiming a couple of important depreciation deductions. Capital works deduction and plant and equipment depreciation are still being given a miss by investors, claims Beer.

Of the 2.5 million property investors, only 40% claimed ‘capital works’ and 67% claimed ‘plant and equipment’ in 2011-12. Depreciation claims of $3,168 made by residential investors is also significantly below expected standards.

Beer also sheds light on a trend which asserts that investors posting self-claims or using self judgments are more liable to underclaim.

you can read the original article here.