Don’t miss out on tax savings along your journey… all those dollars add up fast! Just like getting money back from your duty-free purchases at the airport, we’ve got some great tips up our sleeve for getting your money back from the ATO!
Don’t miss out on tax savings along your journey… all those dollars add up fast! Just like getting money back from your duty-free purchases at the airport, we’ve got some great tips up our sleeve for getting your money back from the ATO!
Pay Less Tax – Save Thousands with a BMT Report
Almost 80% of property investors are missing out on thousands of dollars in depreciation deductions from their investment property through not getting the right advice. Become part of the 20% that are putting more money back in their pocket!
As a building gets older and items within it wear out, they depreciate in value. The ATO allows property investors to claim a deduction related to the building and plant and equipment items contained within it. This deduction essentially reduces the investment property owner’s taxable income – they pay less tax! If you have an investment property, be it a house, unit, granny flat or commercial property, make sure you have a tax depreciation report completed on it. There could be thousands of dollars in depreciation deductions waiting to be claimed.
Your accountant should request that you obtain a property depreciation report. In order to maximise the depreciation benefits of your investment property, you will require the services of a recognised property tax depreciation expert. BMT Tax Depreciation, as Quantity Surveyors, are recognised by the ATO as having the expert qualifications and experience to produce reports for depreciation purposes. BMT have eleven offices Australia wide and service every region of Australia.
To save $385 on your next depreciation schedule with BMT or for more information contact us today on 07 5408 6222 or fill out the form below.
Driven by billions of dollars of infrastructure projects funded by the private and public sectors, the Sunshine Coast is poised to expand at a level that is unprecedented and importantly, sustainable well into the future.
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