A Quantity Surveyor is a professional who specialises in estimating the value of construction costs and other assets. Quantity Surveyors may get involved at various stages: prior to construction, during construction and post-construction. We use our skills to determine the cost of building works and fit-out, whether we’re looking at a residential property or any of the structures and assets within the vast spectrum of … Continue reading What is a Quantity Surveyor?

Encourage them to claim depreciation deductions Owners of income-producing properties are eligible for significant taxation benefits and yet some of the perks continue to fly under the radar. Research shows 80 per cent of property investors are failing to take full advantage of property depreciation and are missing out on thousands of dollars in their pockets. On average, property investors can claim between $5,000 and … Continue reading Help investors save $82 per week

BMT Tax Depreciation specialises in maximising depreciation deductions for investment property owners Australia-wide. Every investment property should have a tax depreciation schedule completed for it. By unlocking the cash flow potential in an investment property, owners can save thousands of dollars every year in their tax return. BMT work with Accountants, property professionals and investors to ensure investment property owners are maximising depreciation deductions and … Continue reading Invest smarter with a BMT Tax Depreciation Schedule

Most first-time property investors soon discover that they need a tax depreciation schedule and require a Quantity Surveyor to supply one. But what is a Quantity Surveyor and how do we come up with your depreciation deductions? Usually Accountants or property professionals like a Real Estate Agent or Property Manager will introduce property investors to a Quantity Surveyor. While the referrer will explain that a … Continue reading Five interesting facts about your specialist Quantity Surveyor

Does the idea of buying commercial property instead of renting your current business premises appeal to you? Or are you undecided whether to purchase a commercial investment over a residential property for your portfolio? It can be hard to understand the tax depreciation allowances that are available for investors of commercial property over those found for residential properties. There are many rules which apply and … Continue reading Commercial property depreciation: uncover the tax benefits

Investment property tax deductions are one of the most misunderstood areas when it comes to owning a residential investment property. Investors are often unaware of the deductions they are entitled to claim and miss out on lucrative tax deductions. Deductions can be claimed on related expenses for the period a property is rented or available for rent, for example, advertised for rent. The two main … Continue reading Investment property tax deductions revealed

What is depreciation? As a building gets older and items within it wear out, they depreciate in value. The Australian Taxation Office (ATO) allows property investors to claim a deduction relating to the building and fixtures it contains. Depreciation can be claimed by any owner of an income producing property. This deduction essentially reduces the investment property owner’s taxable income. What is a depreciation schedule? … Continue reading Frequently asked depreciation questions

Many of Australia’s 2.1 million property investors are still missing out on thousands of dollars in tax deductions each year by failing to maximise or claim depreciation for their rental investments. While changes to depreciation legislation introduced almost a year ago on the 15 of November 2017, have impacted some investors, there are still thousands of dollars available to be claimed by property investors. Despite … Continue reading BMT still finding an average of $8,893 in depreciation deductions