Tax Deadline 9 days Away!
EOFY Tax Deadline is fast approaching.
Maximise your deductions before
June 30
This is your last opportunity to take advantage of a depreciation schedule. I followed the expert advice from THE EXPATRIATE Tax Depreciation Specialist Bradley Beer, and they set up a 40-year tax depreciation schedule for my 1st ever-investment property and the tax savings blow me away.
I chose smart after reading the BMT Tax Depreciation Blog on why people buy “The Block Properties”. I purchased a fairly new 2-year-old property in a Blue Chip Suburb of New Farm, Brisbane, thanks to listening to the Your Empire team, Lauren Staley, Zoran Solano and Chris Gray, with rents being strong in Brisbane, also with data being backed up by CoreLogic Austalia, my property is already rented and a reasonable price that covers my mortgage, thanks Adam Kingston from Australian Expatriate Finance.
My Tax Depreciation Specialist assesses the whole building, including those rooftop pools, grand foyers, lifts, BBQ Area’s, not just my apartment, for a Tax Depreciation Schedule until 2063 or the next 40 years.
I am stoked that BMT saved me in the first year $8000+ (between May and June 2023), then $32,000+ in the second year, 3rd year $28,000, 4th year $24,000 etc, depreciating until 2063, allowing me to claim $622,000 over the 40 year period or $156,000+ over the next seven years. That helps with any interest rate rises!
This is a bit of a no-brainer.
Get in contact before the EOFY with Bradley’s team to have a chat about your situation.
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