June 22, 2016
As the end of the Australian tax financial year (30 June) approaches, it's a good time to check you've done everything to maximise your tax deductions.
For those of you with investment properties, I attended a presentation by a Quantity Surveyor firm, who believe the best way to ensure a robust, accurate and complete deduction for investment property depreciation is to have a Quantity Surveyor prepare a tax depreciation schedule for your investment property. I can see that could make sense, especially if your property is a newer build.
The cost of the work is tax deductible and I especially like BMT Quantity Surveyor's promise that "we guarantee to find double our fee in deductions or you will not pay for our service". (I am independent of BMT). Click here if you're interested. If you write "Mortgage Choice - Marvin Coleman" in the "how did you hear about us" cell, you'll qualify for a discount of around $50 for the service.