Depreciation spreads those costs across the useful life of the property. Say you buy a building to use as a rental. Rather than take a single, large tax deduction in the year you bought the property, you would take a portion of the cost of the building as a smaller depreciation deduction each year.
The Daily Mail had alleged that Clooneyâs future mother-in-law, Baria Alamuddin, was opposed to the impending marriage because Clooney is not a Muslim, and, especially, not Druze.
George Clooney and his wife Amal recently purchased a $16 Million estate in Sonning, Berkshire â which is where they plan to raise their new baby. According to Star Magazine, Amal is already planning their little oneâs nursery and shopping in catalogues and picking out one-of-a-kind antique furniture.