Thanks for the comment.

Depreciation does reduce a property’s cost base and therefore impacts the CGT calculation (if CGT is applicable) upon the sale of an investment property.

However, depreciation is usually worth claiming even when factoring in an effect on CGT. It’s also worth noting that a capital gain is never guaranteed when the property is sold, so it’s best to claim the deductions along the way as a reliable way to optimise cash flow.

Click here for a case study outlining how depreciation is worth claiming, even taking into account its effect on CGT.

We recommend you speak with your accountant regarding your individual circumstances to work out how to achieve the best outcome from your investment property.

Thanks,
The BMT Team.

Thanks for your comment.

Our depreciation specialists are happy to discuss your scenario, provide a quote and estimate the deductions we expect to find at your investment property.

You can request a quote or contact BMT on 1300 728 726 to order a depreciation schedule.

Once a site inspection is conducted, a tax depreciation schedule will be completed. This lasts for the life of the property (40 years) and can be used by your accountant each financial year to claim maximised and fully compliant deductions.

Here is an article outlining the BMT process.

For more information, please contact us on 1300 728 726 or visit the BMT website.

Thanks,
The BMT Team

Could you please advise me to process the depreciation? I am the first year investor

Thanks

Thanks for your comment.

A BMT staff member will be in contact with you shorty.

Thanks,
The BMT Team

Our forty year depreciation schedule will include details of the deductions you can claim each year for those forty years with your Accountant. You should be able to use this for your tax return this year and subsequent years. If you have made any new additions and improvements to the property it is worthwhile mentioning these to your Accountant when lodging your return.

Thanks, BMT Team

I’m a bit confused. I had a tax depreciation schedule created by you last year. Your site says there is a 40 projection plan, and there is a ‘one off’ fee to create the schedule. Do I need you to create another schedule for the same property for this tax year. Probably a dumb question I know.
Cheers
Terry

Thank you for your enquiry. I will have one of our expert staff contact you.

BMT Team

Thank you for your enquiry. I will have one of our expert staff contact you.

BMT Team