In this episode, Tom Carr chats with Leslie Ren from DuoTax about the ins and outs of property depreciation—an often overlooked but powerful tool for real estate investors. Leslie shares insights on how depreciation works, when to engage professionals, and how property owners can maximise their tax deductions to grow wealth.

### Key topics:

- What is tax depreciation and how does it benefit property investors
- The role of quantity surveyors versus accountants in creating depreciation schedules
- Types of properties that qualify for depreciation (new builds, renovations, older properties)
- The process for obtaining a depreciation schedule and timing considerations
- Common myths about depreciation—for owner-occupiers and renovations
- How international investors can leverage depreciation in Australia
- DuoTax's market position and service process across Australia
- Practical tips for investors to start claiming depreciation and its impact on cash flow

### Resources & Links:

### 🎙️ Guest Leslie Ren - Socials & Contact:
🔗 Website: duotax.com.au/
📸 Company Instagram: instagram.com/duotaxqs/
💼 LinkedIn: linkedin.com/in/leslie-ren-579970214/
📧 Contact: [email protected]

🎙️ Host Tom Carr – Socials & Contact:
💼 LinkedIn: linkedin.com/in/tomrcarr
🔗 Website: wombathomeloans.com.au
📧 Email: [email protected]

🎧 The Property Web – Socials:
📸 Instagram: @thepropertywebpod
📘 Facebook: @thepropertywebpod
📧 Email: [email protected]

### Timestamps:

00:00 - Welcome and overview of the episode
00:34 - Introduction to Leslie and DuoTax's expertise in property depreciation
01:49 - The basics of depreciation: capital works and plants and equipment
03:22 - How depreciation offsets can reduce your tax bill annually
04:36 - The longevity of depreciation reports and ongoing deductions
05:34 - Leslie’s journey into property investment and depreciation benefits
06:51 - The significance of starting early with depreciation strategies
08:20 - When and why property investors should approach DuoTax
09:21 - Property types eligible for depreciation and special cases (new builds, renovations)
10:57 - Myths about depreciating assets in apartments and old properties
12:16 - How renovation work impacts depreciation claims on secondhand properties
13:20 - The importance of professional assessments versus DIY methods
14:46 - DuoTax’s history, market niche, and service turnaround time
17:54 - Dispelled myth: owner-occupiers cannot claim depreciation on their primary residence
18:35 - Pathways to claiming depreciation after converting owner-occupied into investment property
19:24 - The value of depreciation schedules in the property investor toolkit
20:29 - How overseas investors can benefit from depreciation provisions
21:26 - Real-world example: multiple properties with significant deductions
22:58 - Future plans for Leslie and DuoTax: expanding awareness among investors