When investors think about property depreciation and what they can claim, they often tend to focus on the building structure and the plant and equipment assets contained inside the building. However, there are a number of structures and assets that can be found in the yard of an investment property which investors are entitled to claim depreciation deductions for.

To ensure investors claim depreciation deductions for these items correctly, here are three simple rules to be aware of and an example of what deductions could be available. 1. Know what items in the yard can be claimed Everything from the Colorbond fence which separates the property from the neighbours…