BMT Tax Depreciation

This Weeks Episode of Home in WA

Brad Beer



1300 728 726

1300 728 721

0413 271 777

Level 28, 140 St Georges tce
Perth WA 6000

Having your investment property assessed by a Quantity Surveyor could save you thousands in tax deductions and if you're planning to renovate that property, it's the ideal time to get that specialist report.

BMT Tax Depreciation are specialists in construction costing and in calculating the cost of items for the purposes of depreciation tax deductions. A comprehensive BMT report can save you thousands every year.

A tax depreciation schedule lists all of the items contained in the house, so arranging a tax depreciation schedule before completing renovations will save time and money when making a claim. It will provide all of the required documentation should an audit situation arise - a valuation of all items in a property and gathering of adequate photographic evidence.

After completion of the renovation, a second schedule is prepared identifying the value of all new plant and equipment and capital expenditure and making an immediate write-off claim for the remaining depreciable value of the eligible items that were removed or scrapped during the renovation. This new depreciation schedule will outline all the depreciation claims available for the life of the property (forty years). 
Even if the work was completed by a previous owner, any structural addition completed after the qualifying dates can be claimed as capital works, further increasing deductions.
BMT Tax Depreciation can offer you specialist advice on how to make the most of your investment property, by working with your accountant to maximise your return.
Give them a call on 1300 728 726 to find out more or get a free over the phone estimate of your potential depreciation deductions.

BMT Tax Depreciation 
Ph: 1300 728 726