If you’re in the market for a depreciation schedule or depreciation report for your investment property, you are probably already aware there are a number of Quantity Surveyors competing for your business. To make an educated decision, it’s important to know what sets some schedules and reports apart from others.
BMT Tax Depreciation are the property depreciation report market leaders, earning the position through consistent, comprehensive schedules and extensive tax depreciation knowledge. BMT are the largest and most successful tax depreciation company nationwide and are the natural choice for Accountants and other property professionals when it comes to referring their clients.
Below are just a few reasons why a BMT Depreciation Report is the best choice for your rental property.
BMT schedules and reports last the property’s lifetime
A BMT Depreciation Report last the full ATO specified forty years. This means that you won’t need to come back for another schedule. Some providers offer schedules with a shorter lifespan such as 10, 15 or even 20 years which will require you to order a second schedule down the track, meaning ordering a BMT report may save you additional expenses in the long run.
BMT’s staff are property depreciation experts
BMT’s staff receive extensive property depreciation training. Our reputation amongst property professionals and accountants means we are often approached to present educational seminars at events across the country.
Furthermore, we don’t outsource and are accountable for every part of the process. Our specialist staff conduct the site inspection, collate the construction costs and develop the comprehensive report. This approach ensures accuracy, which is extremely important in the event of an ATO audit.
Our staff are experts on the 2017 depreciation legislation changes and can answer your questions about how the changes directly affect your investment property.
Our service is second to none
BMT’s client base is made up of many repeat customers due to our exceptional service. Our clients will never talk to a machine when they call. Calls are immediately answered by one of our friendly reception staff who put clients straight through to a depreciation specialist.
Before going through with a tax depreciation schedule, our staff will always assess investors’ individual circumstances to determine whether ordering a BMT Depreciation Report will be worthwhile.
A BMT Depreciation Report is comprehensive
A BMT Tax Depreciation Report covers all tax deductions available over the lifetime of the property, broken down into plant and equipment deductions and capital works allowance.
BMT schedules and depreciation reports also outline various methods of claiming depreciation so you can make informed decisions about which method will best suit your investment strategy.
BMT Depreciation Reports show partial year calculations and are backdated to the settlement date. This allows you to maximise your claim in the first partial year and in the case where the property was lived in for part of the financial year.
BMT can also provide split depreciation reports for multiple owners based on each owner’s percentage of ownership for each asset. This will increase the number of assets which you can claim an immediate write-off or low-value pooling for, meaning claims are accelerated and the investor receives increased deductions in the earlier years of ownership.
BMT has an exclusive online portal MyBMT
BMT Tax Depreciation’s complimentary online portal MyBMT helps investors to manage their depreciation and property investment needs in one convenient place. You can request a quote, view and update your report, upload files including photos and receipts and share information with your investment team. You can also use the Research and Insights tool to discover properties recently listed for sale or for rent, to view Census data and stay informed of planning applications and developments and use the PropCalc tool to determine the after-tax cash flow of any prospective or existing property.
Accountants can request a quote on behalf of their clients, see how clients’ schedules are progressing and make updates as well as download schedules in CSV or Excel format for their Accounting software.
Property managers also benefit from MyBMT and can view free depreciation estimates for their listed properties, request a quote or updates to clients’ schedules.
The investor’s latest report can be available through MyBMT. This ensures that their investment team can view the report as the investor continues to make updates to their property.
BMT don’t offer referral fees
Importantly, BMT do not pay referral fees or kickbacks to those who refer work to us. Some depreciation providers buy referrals from accountants and property professionals by offering a cash reward for jobs. We believe that doing so jeopardises the quality of the service and product. You can rest assured knowing that our referrers recommend BMT not because they are getting paid but because of the exceptional service we provide and the superior quality of our depreciation reports.