The Australian Taxation Office allows property owners to claim depreciation, or decline in value, as a deduction at the end of each financial year.
Depreciation is considered a non-cash deduction, meaning a property owner doesn’t need to spend any money to be eligible to make a claim. For this reason, depreciation deductions are often overlooked. This is a costly mistake for property investors, as depreciation deductions carry significant taxation benefits.
BMT Tax Depreciation are the trusted experts which we recommend to our clients. BMT can help organise a depreciation schedule for your investment property to allow you to claim all available tax depreciation deductions.