Improve your Investment Cash Flow with a Tax Depreciation Schedule
The reduction in value, due to the ageing/wear and tear (i.e. the depreciation), of the main dwelling, fixtures and fittings, contents can be claimed as a tax deduction by any owner of an income producing property, and this can significantly improve cash flow and investment yield.
The obvious benefit of claiming depreciation on your investment property is that you are reducing your taxable income and therefore pay less in tax to the ATO, including any negative gearing that may be available.
The same benefit can be applied to Business Owners that have Plant, Machinery and Equipment that contribute to the income of the business.
Don’t sell yourself short. Make sure you claim the maximum amount allowable for your circumstances. You, or your clientele could be entitled to claim hundreds, even thousands of dollars for residential properties and even hundreds of thousands of dollars for rural properties from deductions per year depending on various factors.
Even the fee for providing a Tax Depreciation Schedule is fully tax deductible.
Tax Depreciation Schedules must be produced by qualified professionals with experience in construction costing and depreciation for the report to be recognised by the ATO.
GANTPMV – provides Tax Depreciation Schedules for Rural and Equipment Business owners and Residential, Commercial Property investors, including Plant and Machinery. Act now and call us today! Don’t give the Government any more of your hard-earned money than you have to!
Contact GANTPMV for more information on this or any other of our Articles.
