Many landlords are surprised to learn that they can claim depreciation as a tax deduction over the lifetime of their investment properties, according to BMT Tax Depreciation.
A study carried out by the country’s leading tax depreciation specialist has found that investment property renovation is widespread, proving that many older rental properties still hold significant depreciation tax deductions.
An astounding amount of depreciation deductions have been identified on The Block 2021 according to the show’s Executive Producer.
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BMT in the news
Substantial renovations offer investors with huge tax benefit, experts say Your Investment Property Magazine, October 2021
SMEs at tax time warned of making mistakes and forgetting to claim Savings.com.au, September 2021
The tax trick that property investors need to get their renovation deductions in order Smart Property Investment, August 2021