BMT are registered Quantity Surveyors
A Quantity Surveyor is a qualified professional who specialises in building measurement and estimating the value of construction costs.
They are able to apply their expertise during various stages of construction to ascertain the cost of building works on any residential or commercial property.
The Australian Tax Office (ATO) recognises Quantity Surveyors as one of only a few professions which possess the required construction costing skills to calculate the cost of items for the purposes of depreciation.
Industry qualifications protect investors
At BMT Tax Depreciation our qualified Quantity Surveyors are members of the AIQS and we are also registered with the TPB as tax agents. Our tax agents number is 53712009 .
AIQS | Australian Institute of Quantity Surveyors
TPB | Tax Practitioners Board
When choosing a Quantity Surveyor, it is important to check that they are members of the Australian Institute of Quantity Surveyors (AIQS). The AIQS is an industry body that assists its members to maintain compliance with industry regulations and Australian Standards ensuring a high quality of service.
In addition to being accredited by the AIQS, it is also important to check that your firm are registered tax agents with the Tax Practitioners Board (TPB). The TPB is the national body responsible for the registration and regulation of tax agents ensuring compliance with the Tax Agents Services Act 2009 (TASA). Quantity Surveyors need to be registered tax agents to complete tax depreciation schedules for investment properties.
The benefit of using a tax depreciation specialist
Not all Quantity Surveyors specialise in tax depreciation. Only a tax depreciation specialist such as BMT can be relied on to maintain detailed knowledge of all current ATO Tax Rulings relating to depreciation.
This difference is reflected in a property investors’ bottom line.
- Claim more deductions
- Pay less tax and
- See a greater return on their investments
Our tax depreciation schedules are also designed specifically for ease of use by Accountants to incorporate depreciation deductions into an investors’ income tax assessment. All information is prepared in full compliance with ATO regulations, meaning that deductions are detailed and evidenced correctly in the event of an audit.