Changes To Depreciation Laws
The Parliament passed laws today that change what can be claimed in relation to properties purchased after 9th May 2017.
If you aren't sure how depreciation works in relation to property and you are already a property investor, or intend to become one, you need to find out.
I have paid for professional depreciation schedules a couple of times previously and cannot recommend them highly enough.
You pay for the schedule once and then use it year after year to help prepare your tax return, maximising your deductions.
Having this work done by a professional quantity surveyor who can ensure the schedules meet all legislation is invaluable.
BMT sent through this video today about the legislation changes which I wanted to share.