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He didn’t know it at the time but Brad Beer was one of the first people to discover the power of sacrifice and being able to work the numbers to establish a portfolio. We now call it rent-vesting but almost two decades ago Brad thought ‘it just made sense’. Hear the story of his journey. Continue reading VIDEO – The original ‘rent-vestor’
When an investor purchases a new property, it’s rare that they will own the property for a full twelve-month period before tax time comes around. As a result, many investors who have only owned their property for a short period of time will assume it is not worthwhile ordering their depreciation schedule until the following financial year. However, there are still significant deductions an investor … Continue reading Don’t overlook a mid-year partial claim – Brad Beer
Investors who are looking to purchase a new property often look at buying off-the plan. Buying off-the-plan essentially means you are entering into a contract to purchase a property prior to, or during the construction phase of a property or a development. One big benefit of purchasing off-the-plan that investors often fail to consider is the property depreciation benefits available. There are significant depreciation deductions … Continue reading Depreciation and off-the-plan properties
Improve yields, boost deductions and help your tenants save A principle concern of many Australian households in recent years has been rising electricity prices. A preliminary report from the Australian Competition and Consumer Commission (ACCC) suggests that the increase in prices over the past decade is putting unsustainable pressure on Australian households and businesses. The report highlighted that residential electricity prices have increased 63 per … Continue reading Solar assets in the spotlight
Deductions for repairs, maintenance and improvements are areas the Australian Taxation Office pay particular attention to on annual tax returns. For this reason it is important that investors understand the difference. Repairs are considered work completed to fix damage or deterioration of a property, for example replacing part of a damaged fence. Maintenance is considered work completed to prevent deterioration to a property, for example … Continue reading What’s the difference between a repair and an improvement?
New legislation, new opportunities for investors Changes announced as part of the 9th of May 2017 federal budget have now been legislated after being passed by the Senate on the 15th of November 2017. For many property investors the new rules, outlined in Treasury Laws Amendment (Housing Tax Integrity) Bill 2017, have made what was already a complex topic a little more difficult to understand. … Continue reading Plenty of lucrative deductions available
Owners of commercial properties are often unaware of the depreciation deductions they’re entitled to. To help commercial property investors to understand how depreciation can assist them to maximise their cash return, below are some of the most common questions the experts at BMT Tax Depreciation are asked. By learning more about commercial property depreciation, investors can ensure they get the most out of their investment … Continue reading Frequently asked depreciation questions for commercial properties
There are two methods for calculating depreciation on the plant and equipment assets associated with an investment property: the prime cost and diminishing value methods. Each will result in a different outcome, so how should an investor work out which method best suits them? In this 8 minute video. Bradley Beer, the Chief Executive Officer of BMT Tax Depreciation explains. In this video you will … Continue reading VIDEO – The 2 ways to claim depreciation – Brad Beer
Are you an investor who’s heard about the benefits of depreciation and have decided to start claiming? That’s great news for your investment. Claiming depreciation will help you maximise the cash return from your investment property. As a non-cash deduction, depreciation is a quick win for investors and requires minimal effort on the owner’s end. But before organising a Quantity Surveyor to prepare your tax … Continue reading Five questions you should ask your Quantity Surveyor
An increasing number of Australian home owners are becoming property investors. In some scenarios, it is by turning their primary place of residence into an income producing investment property. There are several reasons why a home owner may turn their primary place of residence into an investment property. The owner may relocate interstate for work, travel for an extended period of time overseas, or they … Continue reading Making your primary place of residence an investment property
