Trusted Partners 04 – Solar Panels on your investment property
Hi, guys. It’s David here from Bugwash Property. We have with us today one of our trusted partners, Meena from Solutions Accounting. Question for you, Meena. What are the implications regarding people that have got solar panel systems on their investment properties?
Yeah, sure. So, clients who install solar panels on their investment properties would be entitled to a depreciation deduction so making sure that they have notified their accountant of putting those extra solar panels on their property, the accountants can add that to their asset register and make sure it’s being depreciated through their return.
So they’ve gotta make sure that the solar panel systems are on their depreciation schedules that they give to their accountant?
Thank you very much.