All types of income producing properties have considerable taxation benefits that the owner is entitled to claim as a tax credit. Particular buildings that will attract depreciation claims are: warehouses, commercial office buildings, office towers, shopping centres, hostels, nursing homes, hospitals, retail centres, industrial complexes and all types of residential properties.

The preparation of a Property Tax Depreciation Report must be prepared strictly in accordance with Inland Revenue Departments (IRD) legislation. With IRD conducting audits on Property Depreciation Reports it is extremely critical that your report is prepared by a specialist in order to ensure that the report is compliant with all current legislation and reduce the risk of negative outcomes from an audit.

With many IRD legislation changes over the past years with the most recent change in the 2005 budget BMT & ASSOC have kept abreast of these changes and implemented the legislation changes into our reports.

Maximising depreciation claims involves a thorough understanding of taxation legislation and comprehensive experience in chattel valuations which BMT & ASSOC hold. In order to maximise depreciation claims BMT visit the property and identify all available chattels and do not use pooling which ensures each chattel's depreciation is maximised.

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