If you are the owner of an investment property, you’re entitled to claim depreciation on your building and its fixtures and fittings.
Claiming depreciation is a significant taxation benefit, and one which many investors are unaware of. Depreciation is a non-cash deduction – you do not need to spend any money to claim it. The key to unlocking these tax benefits is the obtaining of a Tax Depreciation Report for your property from a professional known as a quantity surveyor.
PT Partners is proud to introduce BMT Tax Depreciation (BMT).
BMT Tax Depreciation are a national firm of quantity surveyors who specialise in the preparation of Tax Depreciation Reports for residential, commercial and industrial properties. BMT offer a comprehensive service to every state and territory to ensure that every Australian property investor can maximise their depreciation claim.
We can manage the entire process for you.
For most residential investment properties, we can arrange the Tax Depreciation Report for a fixed, tax-deductible fee of $870 GST-inclusive. (The standard price charged by BMT Tax Depreciation is $770, with the additional $100 being for our time in ordering and facilitating the report, and liaising with BMT where required).
The process involves three easy steps:
Once we have lodged the order with BMT Tax Depreciation, if there is a variation to the price for any reason, we will contact you first to get your approval before proceeding.
If you have a commercial, rural or industrial property, then the price of the Tax Depreciation Report will vary on a case by case basis. Contact Sandra Cox of our office at (07) 3808 4499 and she will capture the details of the property from you. She will then arrange a fixed-fee quote for you.