Research shows that 80 per cent of property investors are failing to take advantage of depreciation deductions.
Residential and commercial property owners are often unaware of the tax deductions they can claim relating to depreciation.
The Australian Taxation Office (ATO) allows income producing property owners to claim depreciation due to the wear and tear that occurs to the structure of the building and the plant and equipment assets contained.
Investors do not have to spend money to be eligible to claim depreciation. As a non-cash deduction, depreciation is often missed.
Richardson & Wrench aim to ensure owners of commercial and residential investment properties are maximising their cash return. We have a relationship with BMT Tax Depreciation, who specialise in property depreciation for all kinds of properties including residential, hotels, offices, industrial, agricultural, retail and medical buildings.
BMT can provide a comprehensive tax depreciation schedule which will outline all of the deductions which can be claimed for any property.
Property investors can discover the likely deductions they can claim for any property by using the BMT Tax Depreciation Calculator. To use the calculator, simply click the button below:
Why will depreciation help you save thousands?
- New and old properties attract depreciation deductions which will benefit the owner
- Claim an average of $5,000-$10,000 in deductions in the first full financial year
- Claim back missed dollars – adjust two previous tax returns
- BMT guarantee to double their fee in deductions or they won’t charge for their services
- The cost of a schedule is 100 per cent tax deductible
The following tables provide a guide of the depreciation deductions available for a range of property types:
BMT Tax Depreciation is a firm of Quantity Surveyors specialising in maximising depreciation deductions for property investors. To request a quote for a depreciation schedule, click the button below:
As a Richardson & Wrench client, you will receive a special reduced fee.
For a free assessment of the likely deductions to which you are entitled, call and speak to one of BMT’s expert team on 1300 726 728 today.
To learn more about property depreciation and discover what you can claim, select the links below to read further information and articles or watch educational videos.