Every investment property should have a tax depreciation schedule completed for it. By unlocking the cash flow potential in an investment property, owners can save thousands of dollars every year in their tax return.
BMT Tax Depreciation specialises in maximising depreciation deductions for investment property owners Australia-wide, and works with accountants, property professionals and investors to ensure investment property owners are maximising depreciation deductions and paying less tax.
Here are a few quick points investors should be aware of about property depreciation:
- On average, investors can claim between $5,000 and $10,000 in deductions in the first full financial year
- Tax returns for the previous two financial years can be adjusted if depreciation has not been claimed
- The fee for a tax depreciation schedule is 100 per cent deductible
Content provided by BMT Tax Depreciation owww.bmtqs.com.au.