BMT still finding an average of $8,893 in depreciation deductions
BMT Tax Depreciation say that many of Australia’s property investors are still missing out on thousands of dollars in tax deductions each year by failing to maximise or claim depreciation for their rental investments.
Owners of income producing properties are eligible to claim tax deductions for a number of expenses involved in holding a property, according to Bradley Beer, BMT Tax Depreciation.
Changes to legislation were introduced into parliament yesterday, including changes which will negatively affect residential property investors across Australia.
