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Depreciation schedules for residential property investors

Maximise your cash return with a tax depreciation schedule. New legislation, new opportunities. Find out more >

Key Points

Residential investment property owners maximise their cash return each financial year through claiming maximum tax depreciation deductions

Depreciation is the wear and tear on any income producing buildings’ structure and fixtures and fittings

A registered Quantity Surveyor such as BMT helps to maximise the depreciation claimable for residential investment property owners

Increase cash flow

As the owner of a residential investment property, claiming maximum depreciation deductions can make a big difference to your cash flow. Of all the tax deductions available to property investors, depreciation is most often missed as you do not need to spend any money on your property to claim these deductions each financial year.

Research shows that 80% of property investors are failing to take advantage of property depreciation and are missing out on thousands of dollars in their pocket

Bradley Beer, Chief Executive Officer, BMT Tax Depreciation

Depreciation for residential property is...

Wear & tear

As a residential building ages and items within it wear out, they depreciate.

Decline in value

Depreciation is a decline in value tax deduction for the building structure and plant and equipment assets of any income producing property.

Claimable

Claimable by all residential investment property owners each financial year. Maximising depreciation deductions helps reduce an investor’s taxable income.

Using a Quantity Surveyor ensures maximum deductions

Quantity Surveyors are one of the few professionals recognised by the Australian Tax Office (ATO) to have the appropriate skills to estimate construction and building costs for depreciation (Tax Ruling 97/25)

A comprehensive tax depreciation schedule prepared by BMT Tax Depreciation will help you claim all available depreciation tax deductions for the effective life of your property as set by the ATO.

What’s included in a BMT Tax Depreciation Schedule?

A tax depreciation schedule prepared by BMT Tax Depreciation is one of the most comprehensive and professionally structured schedules available on the market today.

A detailed forty year forecast table

A detailed forty year forecast table illustrating all depreciable plant and equipment items (division 40) together with the capital works deductions (division 43)

The difference in claims

The difference in claims using both the prime cost and diminishing value methods of depreciation.

A comparative table of the two methods of depreciation

Common property items

Such as lifts and swimming pools are included within strata and community title complexes where legislation allows

Additionally each BMT Schedule:

Is structured to help you amend previous years’ tax returns to re-coup any unclaimed or missed depreciation benefits for up to two years.

Pro-rata calculated for the first year of ownership based upon the property’s settlement date.

Can be split based on ownership percentages, this can lead to higher deductions for owners in earlier years. Read more about how splitting costs can maximise your deductions >

If we can’t find double our fee in deductions in the first full financial year claim there will be no charge for our services.

How do I claim maximum deductions on my residential property?

Organising a BMT Tax Depreciation Schedule couldn't be easier.

Get a Quote

Request a quote for your tax depreciation schedule.

Property details

We’ll collect property details, then contact your Property Manager or tenant to arrange access to complete a property inspection.

Claim deductions

Your schedule will be available within 7 days of all information being gathered. BMT can even forward your schedule to your Accountant directly, saving you time.

Request Quote

Order today and claim thousands

Every residential investment property needs a tax depreciation schedule to claim maximum investment property tax deductions. A comprehensive tax depreciation schedule can see benefits greatly enhanced over the life of the property. Successful property investors are already maximising their claims through a depreciation schedule

Order today and see the benefits a residential depreciation schedule can make to your property – no matter what investment strategy you have in place.

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Read our latest blog posts from BMT Insider

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Talk to us today for more information

Find out more about how BMT can help maximise depreciation deductions for your residential investment property with a comprehensive schedule.

Speak to a residential depreciation expert on 1300 728 726 , email info@bmtqs.com.au, contact us now via LiveChat or simply request a quote and we’ll be in touch.