BMT Tax Depreciation Estimates
What is a tax depreciation estimate?
If you are selling a new development, BMT can provide your company with tax depreciation estimates. This will ensure that investors are easily able to determine their after-tax cash position if they were to purchase that particular property. Presenting a potential investor with BMT Tax Depreciation estimate assists the buyer, results in a value added service and often helps with early sales.
View how a Tax Depreciation Estimate works. (diagram of how document works on its own page)
View an example Tax Depreciation Estimate. (download pdf example)
Who should obtain a Tax Depreciation Estimate?
- Real Estate Agents
- Developers
- Anyone who is trying to sell a development
Why should you obtain it?
It provides investors with tax depreciation forecasts enabling accurate calculations of the after tax return of a particular property. Also provides the vendors agent with an additional marketing tool for the development.
When should you obtain a BMT Tax Depreciation Estimate?
A Tax Depreciation Estimate can be prepared at any stage of development. Most often they are produced before the release of the units to the public.
What is required?
- Purchase price list;
- Copy of strata plan (or draft);
- Schedule of finishes/list of inclusions; and
- Associated marketing material/floor plans/construction costs/land values (if available).
What will it cost?
BMT Tax Depreciation generally provide these reports FREE OF CHARGE. BMT Tax Depreciation will prepare the Depreciation Estimates anticipating that we will complete Capital Allowance & Tax Depreciation Reports for the investor purchasers. This is possible through the following scenarios:
- BMT are provided with investor purchaser details so we can send them tax depreciation information;
- BMT provide a brief tax depreciation document to the selling agents and they can pass them on to the investors individually; or
- BMT are provided with a list of the selling agents and we can contact them directly to give them the settlement letters.
Would you like tax depreciation information to include with your settlement documentation?
BMT Tax Depreciation offers a brief document outlining the benefits of tax depreciation and includes an application form. Contact our office for further information.