Claiming depreciation can be one of the perks of owning an investment property. Here’s a 101 guide outlining how it works. What is property depreciation? Property depreciation is a legal tax deduction related to the wear and tear of your investment property. Put simply, you may be able to claim a tax deduction due to your property getting older with time. How much can I claim in depreciation? The amount you can claim will vary based on the specific property you have purchased and when it was built. The below figures are estimates based on the average of actual reports we’ve completed at Washington Brown. If you buy a property…