TAX DEPRECIATION ON YOUR PROPERTY INVESTMENT.
If you already own Australian Property, you MUST read this.
Did you know that 80% of property investors DO NOT claim depreciation? Why? Often it’s simply because they don’t know about it. To claim depreciation, you need a Tax Depreciation Schedule put together by Quantity Surveyors. Robert Kiyosaki (Rich Dad, Poor Dad) refers to depreciation as ‘the phantom cash flow’. By that he means that depreciation is a deduction sitting in your property just waiting to be claimed. It’s not something where you spend money each year and try to claw some back, like rates and management fees. |
DEPRECIATION IS ONE OF THE SINGLE LARGEST ALLOWANCES AVAILABLE AS A TAX DEDUCTION FOR INVESTORS IN AUSTRALIAN PROPERTY. In fact in some cases you may be able to have get a full tax benefit for up to 60% of the FULL price you paid. BUT, HOW DO YOU CLAIM IT? The first thing you need is a "Depreciation Report."
This is what accountants order for you when they prepare your Tax return. But why pay extra? Why not go direct to the people the accountants use?
Historical data indicates that over 90% of investment properties can be depreciated. This means that virtually every property investor can benefit from quantity surveying and depreciation schedule services.
 If you're buying a new property, house or apartment FOR RENTAL, you should organise a quantity surveyor's report detailing the costs and depreciation allowances. If you're buying a unit "second-hand" you may also be able to get those documents from the vendor. However, where the documents are not available, the Tax Office allows you to consult a suitably qualified person to do an estimate of the costs and allowances. This is usually a quantity surveyor. Now, the easiest and most affordable way:
To enable all our clients to organise this in the simplest and a very affordable way we have organised A QUANTITY SURVEYOR .
TO PROVIDE THIS TO OUR CLIENTS. SIMPLY COMPLETE THE FORM, AND THEY SHALL EMAIL YOU ALL THE INFORMATION YOU NEED.
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