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Multiple owners increase depreciation claims

Split reports help accelerate deductions An increase in BMT Tax Depreciation Schedules for more than one owner suggests co-ownership is becoming an increasingly popular trend. Owning a property with others can provide improved purchasing power. This can be particularly useful in capital cities where it can be difficult to break into the property market. It can also balance out the expenses of owning an investment … Continue reading Multiple owners increase depreciation claims

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BMT, Latest Stories

Hidden cash

What may commercial properties be hiding from tenants? Property depreciation is mostly claimed by the owner of an income-producing property. It is for this reason that many commercial tenants often miss out on the hidden cash available to them through depreciation. Commercial tenants can claim depreciation deductions based on any fit-out or plant and equipment assets that they add to the property. Tenants can claim … Continue reading Hidden cash

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BMT, Finance, Renovation

Can you claim previous renovations?

One question often asked by investors who are considering purchasing an existing second-hand property is whether or not they can claim deductions for work that has been completed to the property by a previous owner. The rules have always been complicated for investors and for this reason it is best to consult with a specialist Quantity Surveyor for advice for any property being considered and … Continue reading Can you claim previous renovations?

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BMT, Finance, Property Investment

Treasury Laws Amendment Bill to impact property investors

Treasury Laws Amendment (Housing Tax Integrity) Bill 2017 was introduced into parliament on the 7th of September 2017 and included legislation changes which will negatively affect residential property investors across Australia. Announced in the 2017 Federal Budget, the amendment denies tax deductions for the decline in value of ‘previously used’ or ‘second hand depreciating assets’ (plant and equipment) found within residential investment properties. The new … Continue reading Treasury Laws Amendment Bill to impact property investors

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BMT, Latest Stories, Property Investment, Trends

Granny flats are becoming popular investments

Data collected by BMT Tax Depreciation, Australia’s leading tax depreciation specialist, indicates that in the 2016-2017 financial year there was a 22 per cent growth in the number of schedules requested for granny flats nationwide. Of the states Queensland, Western Australia and New South Wales saw the highest growth in the number of depreciation schedules requested for this type of property. “We saw a 41 … Continue reading Granny flats are becoming popular investments

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BMT, Latest Stories, Research, Trends

The industrial property revolution

Investors to benefit from demand for distribution sheds and warehouses If you’ve ever bought something online, you probably haven’t put much thought into the detailed process from purchase to delivery. With the rise of online retailers such as Amazon, this process has become very systematic and sophisticated using a mix of advanced technology and human labour to pick, pack and send orders. This process usually … Continue reading The industrial property revolution

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BMT, Finance, Latest Stories

Missed deductions add up

Our system to maximise your claim Closed circuit television systems, garden watering systems, intercom systems and solar powered generating system assets are all assets which are often missed by property investors when claiming depreciation. These and other missed assets such as door closers, freestanding bathroom accessories, garbage bins, shower curtains and smoke alarms are part of a list we have compiled to help investors avoid … Continue reading Missed deductions add up

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BMT, Latest Stories

It’s not too late to claim depreciation

With the 2016-2017 financial year now over, property investors may assume they have missed their opportunity to organise a tax depreciation schedule and make a depreciation claim. Research suggests around 80 per cent of property investors simply don’t claim because they are unaware of depreciation, they don’t know the rules or they don’t realise they’re eligible. Legislation enforced by the Australian Taxation Office (ATO) allows investors to claim … Continue reading It’s not too late to claim depreciation

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BMT, Buying a property, Finance, Kevin Turner, Kevin's Update, Latest Stories, Property Investment, Sponsored Channels, Trends

The original rent-vestor – Brad Beer

Probably the original ‘rent-vestor’ – Brad Beer – joins us to explain why he waited until age 40 to buy his first principal place of residence.  He is a man ahead of his time! Transcript: Kevin:  We have spoken on the show about rentvesting in the past. I love talking to people who’ve done it, because I am quite often asked “Do you know of … Continue reading The original rent-vestor – Brad Beer

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