BMT Tax Depreciation specialise in maximising depreciation deductions for property investors Australia-wide. The Australian Taxation Office allows the owners of all income-producing properties to claim a deduction related to the building and the plant and equipment items contained within it*. This deduction essentially reduces taxable income for investors – they pay less tax. By requesting a tax depreciation schedule, property investors can unlock their cash … Continue reading Claim thousands with BMT Tax Depreciation

A depreciation schedule prepared by BMT Tax Depreciation helps to maximise the cash return from your investment property each financial year. To ensure that you claim the maximum depreciation deductions, a BMT Tax Depreciation Schedule lasts for the life of the property, or forty years as specified by the Australian Taxation Office (ATO). A BMT Tax Depreciation Schedule also provides you with a breakdown of … Continue reading What is included in a depreciation schedule?

When it comes to claiming depreciation deductions for qualifying plant and equipment assets*, property owners should be aware of certain tactics which can increase their deductions sooner. This will increase their annual cash flow and allow them to realise the benefits from their investment property sooner. One of the simplest ways to do this is to claim immediate write-off or to place low-value or low-cost … Continue reading Increase your deductions sooner using the low-value pool

Depreciation is a complex area, so unless you’re a specialist Quantity Surveyor or a qualified Tax Accountant, it can be hard to wrap your head around it. As such, investors miss deductions all the time, meaning they could be losing out on thousands of dollars. Research shows that 80 per cent of property investors are failing to maximise the deductions claimed from property depreciation. So … Continue reading Commonly missed deductions

Once an investor starts claiming depreciation, they can expect an improvement in their cash flow. This is because depreciation essentially lowers taxable income, meaning more money back in an investor’s pocket at tax time. For most people, the extra cash from a tax return is put into savings, towards a holiday or a new car for example, or put towards everyday living expenses. But as … Continue reading Ways to splash the extra cash from depreciation

The new financial year is a great time to look critically at last year’s investing habits and identify any weak areas that can be improved for a more successful year ahead. The ability to question your investing habits and open yourself up to new ideas is key to strengthening your property portfolio and boosting your investing performance. Alternatively, if you are considering purchasing your first … Continue reading New financial year resolutions

For most people, a new financial year means time to prepare an income tax return. They’ll lodge their return, hopefully get a refund (or maybe have to pay some extra tax) and then forget about it until next tax time rolls around. For property investors, it has added meaning. It’s a great time to take stock of how your investment is performing and set some … Continue reading Smart tax tips for the new financial year

Depreciation can be a rather complex area with specific rules, qualifying dates, depreciation rates, methods for claiming and pre-determined effective lives of assets. As such, claiming depreciation deductions can be a confusing task for many property investors. For this reason, it’s imperative that investors get a depreciation specialist to prepare their tax depreciation schedule. This will ensure investors get maximum depreciation deductions and that all … Continue reading Be careful of these depreciation mistakes this tax time

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 they 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 quirky facts about your specialist Quantity Surveyor