What can you claim when renovating?

[ad_1] More and more Australian investors are choosing to renovate their investment properties before leasing them out. However, investors who live in the property while renovating risk missing out on thousands of dollars in property depreciation deductions. Property depreciation is generally the second biggest tax deduction after interest, though it’s often missed by investors. This […]

How to claim repairs, maintenance and improvements

[ad_1] One of the most common mistakes made by property investors when completing their annual tax return is confusing repairs, maintenance and improvements. It’s important to understand and distinguish each deduction in order to correctly lodge your claim and maximise your tax refund. According to the Australian Taxation Office (ATO), repairs are considered work completed […]

How investors can save thousands this October 31

[ad_1] Investors who self-assess or estimate costs based on their own judgement when lodging their tax return are potentially missing out on thousands of dollars, according to BMT Tax Depreciation. With the October 31 tax deadline fast approaching, It’s common for investors to self-assess or estimate costs based on their own judgement when lodging their […]

Become depreciation wise

[ad_1] Maximise the depreciation benefits of an investment property While many property investors consider location, purchase price and vacancy rates when contemplating an investment property, depreciation is often overlooked. Depreciation can help unlock the cash flow potential within an investment property, often resulting in thousands of additional dollars for the investor each financial year. The […]

Making your main residence an investment property

[ad_1] It’s not unusual for a homeowner to turn their main residence into an investment property. They may do this for various reasons, such as moving for work, travelling overseas for an extended period or they may simply decide to buy another property and rent out their previous home. Before you turn your home into […]

Making your main residence an investment property

[ad_1] It’s not unusual for a homeowner to turn their main residence into an investment property. They may do this for various reasons, such as moving for work, travelling overseas for an extended period or they may simply decide to buy another property and rent out their previous home. Before you turn your home into […]

Become depreciation wise

[ad_1] Maximise the depreciation benefits of an investment property While many property investors consider location, purchase price and vacancy rates when contemplating an investment property, depreciation is often overlooked. Depreciation can help unlock the cash flow potential within an investment property, often resulting in thousands of additional dollars for the investor each financial year. The […]

Making your main residence an investment property

[ad_1] It’s not unusual for a homeowner to turn their main residence into an investment property. They may do this for various reasons, such as moving for work, travelling overseas for an extended period or they may simply decide to buy another property and rent out their previous home. Before you turn your home into […]

What can you claim when renovating?

[ad_1] More and extra Australian buyers are selecting to renovate their funding properties earlier than leasing them out. However, buyers who stay within the property whereas renovating danger lacking out on hundreds of {dollars} in property depreciation deductions. Property depreciation is mostly the second greatest tax deduction after curiosity, although it’s usually missed by buyers. […]

How to claim repairs, maintenance and improvements

[ad_1] One of the commonest errors made by property buyers when finishing their annual tax return is complicated repairs, maintenance and improvements. It’s necessary to perceive and distinguish every deduction so as to appropriately lodge your claim and maximise your tax refund. According to the Australian Taxation Office (ATO), repairs are thought of work accomplished […]