Depreciation and what it means for you
An obvious reason for people to become involved in property investment is to take advantage of market appreciation as a way of increasing their wealth, so the concept of depreciation may not even be something that they might consider.
In this episode, Smart Property Investment’s Phil Tarrant is joined by Bradley Beer, CEO of BMT Tax Depreciation to discuss what depreciation is and the impact that calculating it properly will have on your tax situation.
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Bradley will also discuss the tax complications which recent changes to depreciation law will have for investors as well as some variations which may impact those buying interstate, but will also look at what has stayed the same and how to best utilize that to your advantage.
The pair will also cover scrapping, the biggest misconceptions around depreciation, and whether there are more legal changes set to come.
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