Welcome

To our valued readers and clients

Welcome to the fortieth edition of our biannual newsletter, Maverick.
In this edition, learn how apartment and unit owners can increase claims under changes to common property legislation, find out how kitchen renovations could generate $6,957 in depreciation deductions straight away, plus more.
For those of you who work closely with business owners, read our setting up shop article to find out how your clients could increase their cash flow simply by claiming depreciation.
Please feel free to share Maverick with your colleagues and clients who might benefit from the latest property investment and depreciation news.
Happy reading from the team at BMT Tax Depreciation.

Bradley Beer
Bradley Beer
Chief Executive Officer

FEATURED

Expert eyes see the dollars you don’t
Don’t be strapped for cash, scrap for cash
Are you planning on completing a renovation to your investment property? Before you start work, talk to a Quantity Surveyor about claiming deductions for assets being removed.
Discover how a kitchen renovation provided one investor with $6,957 in deductions.
Read more >

Expert eyes see the dollars you don’t
Houses versus units
One question investors often ask is ‘will a house or a unit provide better depreciation deductions?’ Recent changes outlined in TR 2015/3 mean more owners of apartments and units can claim deductions for common property assets.
Read more >

COMMERCIAL CORNER
Help on the go
Setting up shop
New business owners can use depreciation claims to recoup some of their initial start-up costs. Learn how one café owner was able to claim $15,471 in deductions.
Read more >

TECHNICAL
Help on the go
Buyers beware, sellers prepare
Effective from the 1st of July 2016, the Australian Taxation Office (ATO) has introduced a new rule which affects investors who plan to purchase or sell a property with a market value of $2 million or more.
Read more >

The ATO has released a new Tax Ruling (TR) 2016/1.
Replacing TR 2015/2, TR 2016/1 outlines the effective lives for all assets when calculating depreciation deductions for plant and equipment items.

CONSTRUCTION COSTS
Are you interested in finding out the construction cost for your next project? Our construction cost table allows you to work out the cost relevant to your regional area, including the approximate cost for the construction type per square metre.