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 flow potential and save thousands of dollars every year.
With more than twenty years of experience, BMT Tax Depreciation’s specialist staff conduct physical property inspections to ensure that all claimable assets are included in each tax depreciation schedule.
Their detailed knowledge of all relevant taxation legislation ensures that investors are able to lodge a complete claim for the depreciation of their investment properties during their next tax assessment.
This superior expertise provides property investors with larger deductions for the life of the property, for a 100 per cent tax deductible fee.
BMT Tax Depreciation is one of the most successful and fastest growing Quantity Surveying firms in the market place today. This is testament to the high level of service delivered and thanks to repeat business from property investors, Real Estate Agents, Accountants and the like.
BMT’s continued focus remains that of exceeding the needs of their valued customers by providing comprehensive and compliant depreciation schedules that maximise the depreciation deductions and minimise risk to their Accountant.
For obligation free advice on your investment property situation, contact the expert team at BMT on 1300 728 726 or email info@bmtqs.com.au.
* Under new legislation outlined in the Treasury Laws Amendment (Housing Tax Integrity) Bill 2017 passed by Parliament on 15th November 2017, investors who exchange contracts on a second-hand residential property after 7:30pm on 9th May 2017 will no longer be able to claim depreciation on previously used plant and equipment assets. Investors can claim deductions on plant and equipment assets they purchase and directly incur the expense for. Investors who purchased prior to this date and those who purchase a brand new property will still be able to claim depreciation as they were previously. To learn more visit www.bmtqs.com.au/budget-2017 or read BMT’s comprehensive White Paper document at www.bmtqs.com.au/2017-budget-whitepaper
Article provided by BMT Tax Depreciation.
Bradley Beer (B. Con. Mgt, AAIQS, MRICS, AVAA) is the Chief Executive Officer of BMT Tax Depreciation.
Please contact 1300 728 726 or visit www.bmtqs.com.au for an Australia-wide service.