Investors could literally save thousands this tax season
Smart property investors arrange a tax depreciation schedule prior to the tax deadline to ensure they don’t miss out on any lucrative deductions.
Too often property investors put themselves at risk of missing out on thousands of dollars’ worth of deductions when they don’t arrange a depreciation schedule.
The Australian Taxation Office (ATO) allows owners of any income-producing properties to claim depreciation for the building’s structure via capital works deductions and for the plant and equipment assets contained within the property.
To help you determine this depreciation, Smarter Communities clients have access to reputable Quantity Surveyors, Mitchell Brandtman, at a significant discount. Visit www.smartercommunities.com.au/mb for further details.