Tax time is just around the corner!!Friday, 23 May 2014 - melanie
Can you believe that we are almost in June? For most of us there is an immediate inner cringe because we know that tax time is just around the corner. It's quite amazing that approximately 80% of investors are not receiving their maximum deductions because they don't have a proper depreciation schedule for their investment properties. This means they could be missing out on thousands of dollars in deductions each year, which can have a huge impact on your overall tax position. If you haven't looked into property depreciation or spoken to a quantity surveyor before do yourself a favour and take three minutes to watch this video from BMT that explains just the basics. If you want to know more about it, just give us a call or send us your details and we will organise for a BMT representative to get in touch.