Tax Depreciation Schedule

According to our friends at BMT Tax Depreciation, Tax Depreciation is:

When a building gets older and items within it wear out, they depreciate in value. The Australian Taxation Office (ATO) governs legislation that allows owners of any income producing property to claim a tax deduction for this wear and tear.

It is most likely that your account will ask you to have a tax depreciation schedule completed during the course of your ownership of an investment property. To find out more about what a tax depreciation schedule is and how it can help you, download the BMT Tax Depreciation Schedule ebook here.

The Fuse Property team can put you in touch with local and national companies who can conduct compliant Tax Depreciation Schedules. Your accountant and financial planner may also have a recommendation for you.