This is the time of the year that the real effect of property investment starts to materialize – tax time.
For those who have already had their refunds lodged, we don’t have to sell the virtues of having a depreciation schedule completed. For those who are yet to get their tax returns underway, it’s important to have your schedule handy for your accountant.
So what exactly is a depreciation schedule and how important are they? We have found that it’s probably the most misunderstood document a property investor needs. With that in mind, we have put this video piece together to answer many of the Q&A’s we get with the help of Bradley Beer, Managing Director of BMT Tax Depreciation & Quantity Surveyors.
Whether you’re an existing investor or for those thinking about investing in property for the first time, we hope it fills in some of the gaps.
Oh and remember, Property Road SA will ensure a depreciation schedule is always arranged on your investment property purchase.
Download the full Q&A transcript.
For further information about depreceiation schedules, or how Property Road SA can assist you in reaching your property investment goals, please contact us.