09 Sep 2021
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Turning your residence into an investment property.
Many Australians own their primary place of residence, but an increasing number are making the swap from living in their property to using it as an investment for their future.
There are a number of key factors that should be addressed to gain the maximum benefit from renting out your home. Investing in a tax depreciation schedule from a specialist Quantity Surveyor such as BMT Tax Depreciation will maximise cash returns on the property once it begins to generate income.
When an owner decides to turn their primary place of residence into an income producing property, their tax situation will change.
While it is true that newer properties may receive higher deductions, all investment properties will earn depreciation deductions for the property owner.
If you are thinking of making your home an investment property, you can speak with the expert team at BMT Tax Depreciation on 1300 728 726 for obligation free advice, or visit the property investors page on their website.
Article provided by BMT Tax Depreciation.
Bradley Beer (B. Con. Mgt, AAIQS, MRICS, AVAA) is the Chief Executive Officer of BMT Tax Depreciation. Please contact 1300 728 726 or visit www.bmtqs.com.au for an Australia-wide service.