If you haven’t owned your investment property for a full year you can still claim depreciation deductions this tax time. Investors can claim pro-rata depreciation deductions for the period their property is rented out or is genuinely available …
ReadAs the owner of a residential investment property, claiming maximum depreciation deductions can make a big difference to your cash flow. Property depreciation is generally the second biggest tax deduction after interest, though it’s often missed by investors. …
ReadBMT’s top tax time tips for property investors With tax time fast approaching, here are five tax time tips to ensure you maximise the deductions for your investment property. Understand what deductions you’re entitled to As a property …
ReadWhat will 2019 hold for the property market? We look at some of the biggest trends in property investment that we’re likely to see in the year ahead. Investors seeking regional areas over metropolitan As property price growth …
ReadInvestors who are looking to purchase a new property often look at buying off-the plan. Buying off-the-plan essentially means you are entering into a contract to purchase a property prior to, or during the construction phase of a …
ReadMost first-time property investors soon discover that they need a tax depreciation schedule and require a Quantity Surveyor to supply one. But what is a Quantity Surveyor and how do we come up with your depreciation deductions? Usually, …
ReadDoes 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 …
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