Rental property depreciation : Mary Holm

Q. If I get, say, $5000 written off the value of a rental property each year for five years, that gives me a total of $25,000.

Tuesday, September 10th 2002, 9:43AM

by The Landlord

Does that mean that if I sell after five years, and I am on the lowest tax rate of 19.5 per cent (say 20 per cent), I only pay $5000 in tax upon the sale of the house?
Read More - Opens in a new window
« Building consents plummetBetter To Rent & Save? »

Special Offers

Commenting is closed

www.GoodReturns.co.nz

© Copyright 1997-2024 Tarawera Publishing Ltd. All Rights Reserved