Depreciation Question?

[Mac Usher]

If I buy a property in December, will I be able to claim the full depreciation on it for that year? Is there a timetable on how long I have to own it in order to claim this tax advantage?

Thanks

[Logan Allec]

If you buy a property in December, you will be able to claim 1/2 month's worth of depreciation on the building and 1/2 year's worth of depreciation on any personal property that went along with the building.