Australian Property Investors Not Claiming the Correct Depreciation

4 in 5 Australian Property Investors are not claiming the Correct Depreciation

“This is a staggering statistic when you consider how much extra cash-flow can be obtained by a property investor at tax time,” says Brad Beer of Quantity Surveying firm BMT Tax Depreciation. “This deduction essentially lowers their tax bill, creating extra cash return.”

By not maximising a depreciation claim, property investors could be missing out on thousands of dollars in deductions each financial year.

It is older properties in particular that cause confusion for property investors. Often with the mind set that the property might not be worth getting a depreciation report completed, investors could be missing out. ATO research has also shown that only 37% of investors are claiming the capital allowance part of their depreciation entitlements. It is important for investors to check with their Quantity Surveyor that this claim has been maximised.

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