The benefits of a split depreciation report

When a property is owned by 2 people or more, obtaining a split depreciation report will have significant tax benefits. This will allow property investors the opportunity to split immediate write off and low value pool items based on the ownership percentage.

What does this mean for me, we hear you ask. This means that if a property is owned equally between 2 people, we can write off items up to $600, instead of $300! Items valued up to $2,000 can also be put into the low pool value. This will provide higher deductions for you at an earlier period of the report.

BMT Tax Depreciation is one company which can provide split depreciation reports for clients, however you must request a “Split Depreciation Report”.

BMT also offer a discount for GGA clients, so please remember to mention us when you contact them!