Author: BMT Tax Depreciation

With tax time fast approaching, here are five tax time tips to ensure you maximise the deductions for your investment property.   Understand what deductions you’re entitled to As a property investor, you’re entitled to a range of tax deductions. These will help lower your taxable...

Shared assets in strata title lucrative for investors A strata title is used when individuals own part of a property usually called a ‘lot’. This is generally an apartment, unit or townhouse complex which shares ownership of common property including driveways, foyers and gardens. The ownerships are...

Once an investor starts claiming depreciation, they can expect an improvement in their cash flow. This is because depreciation essentially lowers taxable income, meaning more money back in an investor’s pocket at tax time. For most people, the extra cash from a tax return is put into...

The new financial year is a great time to look critically at last year’s investing habits and identify any weak areas that can be improved for a more successful year ahead. The ability to question your investing habits and open yourself up to new ideas...

For most people, a new financial year means time to prepare an income tax return. They’ll lodge their return, hopefully get a refund (or maybe have to pay some extra tax) and then forget about it until next tax time rolls around. For property investors, it has...

“The First Home Buyer share of owner occupier housing loans increased again during June 2018 and is now at its highest since late 2012,” stated HIA Senior Economist, Shane Garrett. Today’s ABS housing finance figures for June 2018 indicate that First Home Buyers accounted for 18.1...

Depreciation can be a rather complex area with specific rules, qualifying dates, depreciation rates, methods for claiming and pre-determined effective lives of assets. As such, claiming depreciation deductions can be a confusing task for many property investors. For this reason, it’s imperative that investors get a...

Most first-time property investors soon discover that they need a tax depreciation schedule and require a Quantity Surveyor to supply one. But what is a Quantity Surveyor and how do they come up with your depreciation deductions? Usually Accountants or property professionals like a Real Estate...

He didn’t know it at the time but Brad Beer was one of the first people to discover the power of sacrifice and being able to work the numbers to establish a portfolio.  We now call it rent-vesting but almost two decades ago Brad thought...

Subscribe to Australia’s most listened to podcast now!

Free to join and learn, just subscribe now!

Daily Audio Shows, Video Tips, Commentary and Blogs.