Are you a property investor who has completed renovations, upgraded or updated assets? If so, you may be making a costly mistake by not updating your tax depreciation schedule. Many property investors are under the misconception that depreciation is not available on older second-hand properties. However, BMT...
Building a property portfolio is a rewarding yet often complex process that requires planning, research, consulting, and most of all strategy. How does you know where to begin? Here, BMT Tax Depreciation provide the steps to building your investment property portfolio and how to get started. Define...
Choosing to use a Pay As You Go (PAYG) withholding variation could allow property investor to routinely increase their cash flow by changing the amount of tax withheld by their employer. Here, BMT Tax Depreciation outlines how a PAYG withholding variation works, the benefits, and...
Did you know that depreciation deductions are available even if an investment property has only been owned for a short time? Here, BMT Tax Depreciation explains what a partial year deduction is and why they’re important. What is property depreciation? Property depreciation is the natural wear and tear...
Depreciation is the natural wear and tear that occurs to a building and the assets within it over time. The Australian Taxation Office (ATO) allows owners of income-producing properties to claim this depreciation as a tax deduction. Property depreciation can be quite technical, but luckily BMT...
The media is filled with news stories covering just how hard it is to enter the property market. While many people want the ‘perfect home’ as their first property, some are opting for a more affordable option as they work towards owning their dream home....
BMT Tax Depreciation has been helping property investors claim thousands of dollars in depreciation deductions for decades. A look into the schedules they have completed in the last three years has revealed an interesting statistic: 66% of these investment properties have undergone a renovation or...
With June 30 right around the corner, it’s important that investors understand how depreciation works for their property. Depreciation applies to all properties, regardless of their age. Far too many people rule out depreciation on older, second-hand properties when they shouldn’t – and here’s why. Depreciation works...
As interest rates hit record lows, auction clearance rates surge and capital growth expectations peak, it appears to be a good time for property investors. Even if you already have skin in the game, the next step in your property investment journey is just as important...