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Closed circuit television systems, garden watering systems, intercom systems and solar powered generating system assets are all assets which are often missed by property investors when claiming depreciation.
These and other missed assets such as door closers, freestanding bathroom accessories, garbage bins, shower curtains and smoke alarms are part of a list we have compiled to help investors avoid missed depreciation deductions.
Although many of these items have a low depreciable value, as shown in the following table, the depreciation deductions which can be claimed for these items can add up to thousands of dollars for an investor.So here’s our system to help investors ensure no item is missed and to maximise their depreciation deductions:
A specialist Quantity Surveyor will use their expert knowledge of tax legislation to ensure the maximum deductions are claimed for each individual asset.
Bradley Beer (B. Con. Mgt, AAIQS, MRICS, AVAA) is the Chief Executive Officer of BMT Tax Depreciation. Please contact 1300 728 726 for an Australia wide service.
Most investors are aware of some of the deductions they are entitled to; for example, they know they can claim their Property Manager’s fees, council rates an...Learn More
On average most investors can expect to receive between $5,000 and $10,000 in first year depreciation deductions for a residential property. These additional fu...Learn More
Always speak to Quantity Surveyor to ensure that you gain the maximum taxable benefits available on your investment property.Learn More