BMT Tax Depreciation specialise in maximising depreciation deductions for property investors Australia-wide.
The Australian Taxation Office allows property investors to claim the depreciation of their investment properties as a tax deduction.
Depreciation can be claimed by any owner of an income producing property. This deduction essentially reduces taxable income for investors – they pay less tax.
Every investment property should have a tax depreciation schedule completed to unlock the cash flow potential for its owner.
By claiming depreciation, property investors can save thousands of dollars every year. On average, residential investors can claim $5,000 to $10,000 in deductions in the first full financial year alone.
The BMT Tax Depreciation Calculator is a useful tool for property investors to calculate the likely depreciation deductions available for their property.
Available to use for free, the BMT Tax Depreciation Calculator is based on cost data gained from twenty years of estimating building costs, real cost data collected from the industry and from preparing thousands of depreciation schedules.
For obligation free advice on your investment property situation contact the expert team at BMT on 1300 728 726.
Article provided by BMT Tax Depreciation.
Bradley Beer (B. Con. Mgt, AAIQS, MRICS, AVAA) is the Chief Executive Officer of BMT Tax Depreciation. Visit www.bmtqs.com.au for an Australia-wide service.