Four reasons to get a rental chattels valuation

Property management experts Propertyscouts says with the new tax deductibility laws coming into effect last year, and high tax rates, investment property owners should be taking any opportunity to shrink the taxable income from their rental property.

If the carpets in the renal have started to wear out and the washing machine is dated, the drop in value of these items – known as depreciation - can be claimed as expenses if they have been valued.

Propertyscouts managing director Ryan Weir says there are four key reasons to get a chattels valuation for a rental property.

1. Reduce the amount of taxable income on your rental property