July 2020 -
Three common depreciation mistakes that could cost property investors thousands
Investment property owners make three costly mistakes when it comes to maximising their tax return according to BMT Tax Depreciation, Australia’s leading provider of depreciation schedules.
Many investors mistake floating timber flooring as permanently fixed to the building and therefore a capital works deduction when it’s actually removable, making it a plant and equipment deduction. This could mean the difference between $250 and over $1,300 in first year deductions.”
Bradley Beer, Chief Executive Officer, BMT Tax Depreciation
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