So often we hear from property professionals, accountants and investors that they just didn't know about options other than BMT Tax Depreciation when it came to purchasing or recommending quality depreciation schedules.
Pick your favourite property expert and check out their advice regarding the benefits of claiming depreciation on their investment properties. Whether you follow Margaret Lomas or Michael Yardney, or you prefer Cam McLellan, or Jane Slack-Smith,[...]
What is Division 43 or Capital Works?
"Division 43 of the ITAA 1997 provides for a system of deducting capital expenditure incurred in the construction of building and other capital works used to produce assessable income." - Australian Taxation[...]
Yes you can back-claim depreciation of your investment property for previous years...
If you have held your investment property for a number of years but didn't realise you could be claiming depreciation on it, you have effectively over-paid your[...]
Recap of the changes
In the Budget announcement of May 9, 2017 the Government stated their intention to limit the deductions claimable by investors for the depreciation of their Plant and Equipment assets in residential[...]
With state and federal governments continually putting their hand out for your cash, it seems like every month there is a BAS to pay, a payroll tax obligation to meet, or company tax payable.
Add to that the constant market demand for aesthetic[...]
Many investors don't realise they may be eligible to claim depreciation of renovations completed by previous owners of their investment property. The depreciation claimable will depend on when the property was purchased and the nature and extent[...]
One of the great services we are pleased to offer your clients and the broader investment community is the ability to have a free estimate of deductions calculated up-front. This ensures that clients or advisers who feel uncertain of the[...]
What is the fee for an established residential house?
Established residential properties are those that are not brand new when they are purchased ie. the property has been purchased second-hand.
A Tax Depreciation Schedule (also known as a Capital Allowance and Tax Depreciation Schedule or Quantity Surveyors Report, or Rental Property Depreciation Report) is a document, typically prepared by a professional Quantity Surveyor, that clearly[...]