Find out what goes into a schedule to ensure maximum deductions
To ensure every investment property owners depreciation claim is maximised, BMT prepares a comprehensive & easy-to-use Capital Allowance and Tax Depreciation Schedule.
Below is a list of what is included in the BMT Capital Allowance and Tax Depreciation Schedule:
A one page overview explains the total deductions for both the prime cost and diminishing value methods of depreciation.
Both prime cost and diminishing value method deductions are shown for plant and equipment assets.
A forty year projection shows all of the deductions available for the life of the property.
A glossary of terms outlines the terminology used in the report for easy understanding.
- Low-value and low-cost pooling are used to accelerate deductions. Find out more about the difference between low-value and low-cost pooling here >
- The effective life of each asset is displayed and a total shown for the capital works deduction, effective life and pooled assets
- A pro-rata calculation is used when a residential property is acquired part way through a financial year or rented for only a percentage of the year ensuring that deductions are accurately maximised
- Excel and CSV schedule files (residential only) can be provided for Accountants and owners for easy importing into compatible accounting software
- Percentage based grouping of assets shows a calculation of all assets depreciated at the same percentage rate grouped and totalled
- Split reports are available when a residential property is owned by more than one person, often resulting in higher deductions earlier Find out how using a split report maximises deductions for all owners >