Five interesting facts about your specialist quantity surveyor
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? BMT Tax Depreciation breaks it down for you.
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.