5 Depreciation Points Every Property Investor Should Know (Part 1)
September 4, 2019
Properties which generate income for their owners are eligible for significant taxation benefits.

Despite this fact, according to the Chief Executive Officer of BMT Tax Depreciation Bradley Beer, 80% of property investors are failing to maximise deductions from property depreciation and are therefore missing out on thousands of dollars in their pockets.

“Property investors often assume they are ineligible or that it is not worthwhile to claim depreciation because they believe their property is too old or they have not owned the property long enough. The reality is, it is worthwhile making a claim on any property,” said Bradley.

“Requesting a tax depreciation schedule which outlines what claims are available for a property owner can make a significant difference. For many investors, depreciation can be the difference between a property which has a negative cash flow and turning the property into a positively geared asset. On average, most investors can claim between $5,000 and $10,000 in deductions in the first full year for any residential investment property,” said Bradley.

This is no small amount, so for any investors wondering what property depreciation is, why to claim it, and how to go about making a claim, the following points will answer some of the most common questions asked by property investors.

Part Two of this ‘must read’ article for every property investor coming in January 2016!

Article supplied by: BMT Tax Depreciation.

Bradley Beer (B. Con. Mgt, AAIQS, MRICS) is the Chief Executive Officer of BMT Tax Depreciation.
Please contact 1300 728 726 or visit www.bmtqs.com.au for an Australia-wide service.