Whether you own or lease your business premises be sure you are not missing out on the tax benefits you could be claiming for the depreciation of your business fit-out.
After much initial angst back in May, we have seen little difference in investor demand for depreciation schedules, with schedules requested from Capital Claims Tax Depreciation to be greater over the May - September period than compared with the[...]
Fact 1. Depreciation is typically one of the largest deductions available to property investors
Averaging between $6,000 and $12,000 in the first full year for standard residential properties, tax[...]
Don't waste time and resources trying to determine whether a depreciation schedule will be worthwhile for your client's investment property. Outsource to our experts to get a quick, free, reliable estimate.
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[...]