Tax Depreciation Benefits
ScheduleProperty depreciation is the gradual wear and tear to a building and its fixtures and fittings over time. The Australian Tax Office (ATO) recognises this deduction and allows owners of income producing properties to claim this depreciation each financial year by using a tax depreciation schedule.
A tax depreciation schedule can help make your first or next investment property a more affordable and attractive option, helping you to build your wealth through property.
First National Real Estate is committed to helping all of our clients to achieve their investing goals; and we have partnered with BMT Tax Depreciation, Quantity Surveyors specialising in tax depreciation schedules. Request a quote today.
Here are just some of the reasons why First National chooses to partner with BMT Tax Depreciation
|BMT achieve great returns for their clients:
BMT Tax Depreciation finds their clients on average between $5 000 - $10 000 in deductions for residential properties in the first full financial year claim.
|The comprehensiveness of their schedules:
BMT Tax Depreciation Schedules are prepared for the forty year life of your property - or until the deductions run out. This can help you reclaim missed deductions from the past two financial years if you haven't been maximising your claim.
BMT Tax Depreciation guarantee to find double their fee worth of deductions in the first full financial year claim or they don't charge for the schedule. The fee for a schedule is also 100% tax deductible.
Find out how much you could be claiming each year.Estimate your likely deductions using the free BMT Tax Depreciation Calculator, alternatively complete this form and one of BMT's staff members will be in contact to provide a customised property tax depreciation estimate for your property.
As you can see from using the calculator, property depreciation can make a significant difference to a property investors' cash flow each financial year.
Engaging BMT Tax Depreciation to complete a tax depreciation schedule for your investment property couldn't be easier:
Step 1: Complete this form to request a quote for your tax depreciation schedule.
Step 2: Once the quote is accepted, BMT will contact your First National Property Manager to arrange access to complete a property inspection.
Step 3: Once the inspection has been completed, your schedule will be available within 5 - 7 days of all information being gathered. BMT can even forward your schedule to your Accountant directly, saving you time.
It is that simple. A depreciation schedule could save you thousands of dollars each financial year.
To learn more about property depreciation including what can be claimed, and how a tax depreciation schedule can save you more money, register for a webinar, or visit BMT's website at www.bmtqs.com.au