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...
One question investors often ask about claiming depreciation on a rental property is ‘how will these claims affect Capital Gains Tax (CGT) when the property is sold?’ CGT can be a complex topic for investors to understand, particularly as the answer to the above question can...
Those considering purchasing an investment property will often ask whether a commercial or a residential property will provide them with more deductions in the form of depreciation. There are many important factors an investor needs to be aware of when making their choice between these two...
As we look towards the year ahead, it’s safe to say that the landscape for property investing in 2018 will be a little different to what we have experienced in the past. Given this, it’s important to stay informed on the market conditions and do your...
If you are investing or planning to invest in property for your retirement, there are a few things you need to consider. What’s your goal? No matter what your reason for investing in property it’s important you know exactly what your goal is. It could be...
While property investing is one of Australia’s favourite past times, it doesn’t mean it’s always an easy ride. There are ups and down and certainly rewards to reap, but you do have to put in some ground work and planning to become a successful investor. While...
Discover how your tax situation is transformed A recent analysis of schedules prepared by BMT Tax Depreciation highlighted that 22 per cent of schedules were for primary places of residence (homes) which the owners turned into rental properties. This demonstrates a popular trend occurring in the...
Commercial property owners remain unaware of their depreciation entitlements. According to Bradley Beer, the Chief Executive Officer of BMT Tax Depreciation, around 80 per cent of commercial property owners don’t claim depreciation and therefore miss out on thousands of dollars. “Claiming depreciation is paramount for commercial property...
The Australian Taxation Office (ATO) allows investors to choose between two methods of claiming depreciation on plant and equipment assets*. These are the diminishing value and the prime cost methods of depreciation. When an investor makes their depreciation claim, they can choose only one of these...