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.
BMT shows how to earn two rental streams from one property
Increased property prices have forced many out of the market, causing a surge in demand for alternative living arrangements, according to BMT Tax Depreciation
Investors who self-assess or estimate costs based on their own judgement when lodging their tax return are potentially missing out on thousands of dollars, according to BMT Tax Depreciation.
Jesse and Mel’s chances of winning The Block may have increased slightly after their property was shown to hold nearly $3.68 million in tax deductions for the future buyer should they decide to rent the property out.
Owners of income-producing properties can claim the wear and tear of certain outdoor structures and assets as a depreciation deduction when completing their annual income tax returns with their accountant.
