Have an investment property? Get a tax depreciation report!

Friday 16 Nov 2018

As a building gets older, items wear out – they depreciate. The Australian Taxation Office (ATO) allows property owners to claim this depreciation as a deduction. Any property owner who obtains income from their property can claim depreciation.


With end of financial year looming, First National Real Estate members are offering a discount on BMT Tax Depreciation schedules. Between now and end of financial year, BMT Tax Depreciation Quantity Surveyors is offering a reduced fee and a free 6 month magazine subscription for First National customers when they order a BMT Tax depreciation Schedule through their First National property manager. Normally $715, First National customers pay only $650. Plus you can select from a range of magazines for a free six-month subscription.

Many investors fail to maximise the tax effectiveness of their investment. When they engage a professional tax depreciation company to assess their property, hundreds of items may be identified for which legitimate tax deductions can be claimed. You might be surprised to learn exactly how many items can be claimed. Decorative garden sculptures, common areas in apartment buildings, tree houses, and recreational facilities.Tax benefits associated with negative gearing can sometimes be equivalent to 60% of the total purchase price of a property. However, with the constantly changing rules of the ATO, it’s essential that investors have fully compliant tax depreciation companies undertake an onsite inspection of their property. Estimates from a desktop just don’t cut it.

Give one of our First National offices a call and ask about a discounted BMT Tax Depreciation schedule and free 6-month magazine subscription today. You can reach your nearest member office on 13 16 66.

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DISCLAIMER

The following advice is of a general nature only and intended as a broad guide. The advice should not be regarded as legal, financial or real estate advice. You should make your own inquiries and obtain independent professional advice tailored to your specific circumstances before making any legal, financial or real estate decisions.