In the context of taxes, property depreciation is primarily aimed at?

Property depreciation is primarily aimed at reducing taxable income. This concept allows property owners and real estate investors to deduct a portion of the property's value as an expense over its useful life, which lowers the overall income subject to taxation. By accounting for depreciation, property owners can reflect the wear and tear on their investment properties, which ultimately provides significant tax savings.

The financial advantage comes into play because depreciation serves as a non-cash expense. It allows property owners to report reduced profits on paper, thus decreasing the amount owed in income taxes. As a result, this encourages investment in property and can improve cash flow for owners.

While increasing rental income, attracting investors, and extending property life may be beneficial to property owners, they do not directly relate to the purpose of depreciation within the tax framework. Instead, they are aspects that could be influenced by a variety of other factors, such as market conditions and property management strategies, rather than being the primary goal of depreciation itself.