Does the idea of buying commercial property instead of renting your current business premises appeal to you? Or are you undecided whether to purchase a commercial investment over a residential property for your portfolio? It can be hard …
ReadIt’s that time of year when families gather around the dining table to dig into a Christmas roast, peel some fresh prawns to dip in some thousand island dressing or indulge in a sizzling barbeque in the backyard. …
ReadMany of Australia’s property investors are still missing out on thousands of dollars in tax deductions each year by failing to maximise or claim depreciation for their rental investments. While depreciation legislation changes introduced last year have impacted some property …
ReadMany of Australia’s 2.1 million property investors are still missing out on thousands of dollars in tax deductions each year by failing to maximise or claim depreciation for their rental investments. While changes to depreciation legislation introduced almost …
ReadFrequently asked depreciation questions What is depreciation? As a building gets older and items within it wear out, they depreciate in value. The Australian Taxation Office (ATO) allows property investors to claim a deduction relating to the building …
ReadDeductions 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 …
ReadDepreciation is a complex area, so unless you’re a specialist Quantity Surveyor or a qualified Tax Accountant, it can be hard to wrap your head around it. As such, investors miss deductions all the time, meaning they could …
ReadWhen an investor starts claiming depreciation, they can reduce their tax liability. This is because depreciation essentially lowers their taxable income, meaning they may be able to put more money back in their pocket at tax time. For …
ReadFor most people, a new financial year means time to prepare an income tax return. They’ll lodge their return, hopefully get a refund (or maybe have to pay some extra tax) and then forget about it until next …
ReadWith tax time fast approaching, here are six depreciation questions your clients should be asking to ensure they’re getting the most from their investment property. What are some common deductions I’m entitled to as a property investor? As …
ReadIt’s a new financial year and therefore it’s time to start getting your income tax return in order. Preparing your annual tax return is a great opportunity to take stock of how your investment property is performing and …
ReadData 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 all the …
ReadOne 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 …
ReadOur 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 …
ReadIt’s been a couple of weeks since the federal budget announcement and since then we’ve had some time to review how the proposed changes relating to plant and equipment deductions will affect property investors. Although we are not …
ReadATO ruling makes common area claims less complex One question we’re often asked by investors is ‘will a house or a unit provide better depreciation deductions?’ This is a frequent question asked during the pre-purchase stage and a …
ReadSplit 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 …
ReadAn individual’s strategy is just as important a factor to consider when claiming the deductions available from an investment property as it is to obtain a comprehensive depreciation schedule outlining all of the depreciation that can be claimed. …
ReadProperty depreciation is a non-cash tax deduction available to the owners of income producing properties. As a building gets older, items wear out – they depreciate. The Australian Taxation Office allows property owners to claim this depreciation as …
ReadClaiming depreciation and using a Pay As You Go withholding variation can increase your fortnightly cash flow. Though investors often use negative gearing to offset the costs involved with owning a property, most have the aim to eventually …
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