You Guide to Capital Gains & Depreciation Schedule Examples

Depreciating asset Effective life in years Carpets – in commercial office buildings 8 – in ten-pin bowling centres 4 -Computers -generally 4 -laptops 3 Curtains and drapes 6 Fire extinguishers 15 Hot water installations for commercial office buildings (excluding commercial boilers and piping)15 Lawn mower- motor 62/3 – self-propeled  5 Library (professional) 10 Motor vehicles [...]

Depreciation is sadly often missed by investors, but it is a legitimate tax deduction. The Tax office admits that 52% of investors don’t claim what they are legally entitled to. Don’t let it happen to you! There is no cash outlay required to legitimately claim a tax deduction, and you can claim depreciation even if [...]