Commercial Property Tenants | BMT Tax Depreciation

Call

1300 728 726

What is depreciation?

Depreciation is a tax deduction which is available to be claimed by owners of income producing properties and commercial tenants each financial year. It is the decline in value of the building structure and the plant and equipment assets within it that the Australian Tax Office (ATO) allows as a deduction to be claimed.

Depreciation is often one of the most missed and under claimed deductions. It is considered a non-cash deduction as you don’t need to spend any money on the property to claim it.

Claim significant deductions

Depreciation is able to be claimed under two separate components:

Capital works deductions

Also known as building write-off, this is the decline in value of the building structure which is generally able to be claimed by the property's owner.

Plant and equipment

This refers to items which can be easily removed from the property and this category is generally where commercial tenants can maximise their deductions.

Typical depreciable plant and equipment assets include:

Air-conditioning units
Hairdressing chairs
Bathroom and kitchen appliances, bookcases and accessories

Desks and Chairs
Carpet
Curtains, blinds and window dressings
Flooring

Case studies

See the case studies below for some of the typical deductions we have found for a range of commercial properties.

$1,100,000

$650,000

$2,000,000

$875,000

Each BMT Tax Depreciation Schedule:

A comprehensive forty year report

Includes a comprehensive 40 year report to last the lifetime of your property

Maximises deductions

Uses industry specific legislation to maximise deductions

Provides alternate methods

Provides alternate methods of depreciation to suit your scenario

Includes a property inspection

Includes a property inspection by one of BMT’s professionally trained staff members to ensure every deduction is found

How do I organise a schedule?

Engaging BMT Tax Depreciation to complete a commercial depreciation schedule can mean that you’re able to claim back thousands in deductions each financial year.

Get a Quote

Request a quote for your tax depreciation schedule.

Property details

Property details are collected and BMT will arrange access to complete a property inspection.

Claim deductions

Your schedule will be available within 5 – 7 days of all information being gathered. BMT can even forward your schedule to your Accountant directly, saving you time.

Read our latest blog posts from BMT Insider

Learn more about commercial property depreciation here

Your guide to warehouse depreciation

20 May 2019

You could be missing out on thousands of dollars in tax deductions by not taking advantage of your warehouse depreciation entitlements. Here’s our complete guide to warehouse depreciation. What is depreciation? Depreciation is the natural wear and...

Commercial office update

26 Feb 2019

As summer draws to a close and people have returned to work, we’ve taken a look at what’s happening with the commercial office sector across Australia. Office vacancies rates The Property Council of Australia (PCA) February release of the 2019...

What sets a BMT Depreciation Report apart?

21 Feb 2019

If you’re in the market for a depreciation schedule or depreciation report for your investment property, you are probably already aware there are a number of Quantity Surveyors competing for your business. To make an educated decision, it’s...

Talk To Us

Take the next step or find out more about depreciation

Talk to a depreciation specialist on 1300 728 726 , email info@bmtqs.com.au, contact us now via LiveChat or simply request a quote and we’ll be in touch.