If you’re in the market for a tax depreciation schedule 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 apart from others.
BMT Tax Depreciation are the 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.
BMT’s schedules last the property’s lifetime
BMT Tax Depreciation Schedules last forty years, meaning investors won’t need to come back for another schedule. Some providers offer schedules with a shorter lifespan which will require the investor to order a second schedule down the track, resulting in more work and an additional expense.
BMT’s staff are depreciation experts
BMT’s staff receive extensive depreciation training. Our reputation amongst property professionals and Accountants means we are often approached to present educational seminars at events across the country.
Our staff are experts on the 2017 depreciation legislation changes and can answer investors’ questions about how the changes directly affect their investment properties.
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 report will be worthwhile.
Our schedules are comprehensive
Our tax depreciation schedules cover all deductions available over the lifetime of the property, broken down into plant and equipment deductions and capital works allowance.
The investor can choose between the two different methods of claiming depreciation, the diminishing value or prime cost method. Both scenarios are outlined in our reports so investors can make informed decisions about which method will best suit their investment strategy.
BMT Tax Depreciation Schedules are created pro-rata meaning investors can maximise their claim all year round.
We can also provide split reports for multiple owners based on each owner’s percentage of ownership for each asset. This will increase the number of assets which investors 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.
We have an exclusive online portal
BMT’s complimentary online portal MyBMT helps investors to manage their depreciation and property investment needs in one convenient place. Investors can request a quote, view and update their schedule, upload files including photos and receipts and share information with their investment team. They 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.
We 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. Investors 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 high quality of our reports.
To learn more about BMT Tax Depreciation, contact 1300 728 726 or request a quote for a tax depreciation schedule today.