Just because June 30 has been and gone, property investors don’t need to wait another financial year to get a tax depreciation schedule. Even if a schedule is ordered after the end of a financial year (FY), depreciation can still be back-claimed.
Data shows more than 12% of property investors are completely missing out - BMT
BMT Tax Depreciation recently analysed their investor database and were surprised to find that a great deal of property investors overlook depreciation, a particularly lucrative tax deduction.
Depreciation saves investors thousands of dollars each and every year. It’s the only non-cash deduction available, meaning they never need to spend anything to claim it.