BMT Tax Depreciation Schedule

When enlisted to provide a Tax Depreciation Schedule for a property, BMT Tax Depreciation will:

What is in a BMT Tax Depreciation Schedule?

A detailed tax depreciation schedule document will then be prepared for the building and would include the following components:

• A method statement;
• Summary of Diminishing Value Method of Depreciation;
• Summary of Prime Cost Method of Depreciation;
• Detailed 40 year forecast table illustrating all depreciable items together with building write off for both Prime Cost and Diminishing Value methods;
• Comparative table of the two methods of depreciation;
• The report is pro-rata calculated for the first year of ownership based on the settlement date so that the accountant has the exact depreciation deductions for each year

The tax depreciation schedule provides the basis for claiming both Division 40 (plant and equipment) and Division 43 (capital allowance). BMT Tax Depreciation specialise in maximising the total depreciation available from a given property under current legislation.

Click here to find out the potential deductions you may be entitled to!