November 2020 -
The Block 2020 refutes common investment property myth
Australia’s leading supplier of tax depreciation schedules, BMT Tax Depreciation, has found more than $14 million dollars in total estimated depreciation tax deductions on The Block 2020.
We know from our own research at BMT that a good proportion of property investors miss out on claiming significant amounts at tax time, simply because they think that older properties don’t hold depreciation deductions, this couldn’t be further from the truth. Renovated properties, such as those on The Block, can hold hundreds of thousands, and sometimes millions, of dollars in lucrative tax deductions”
Bradley Beer, Chief Executive Officer, BMT Tax Depreciation
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