BMT Tax Depreciation

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Buying an investment property comes with a number of benefits. Not only do you receive a rental income, but you will also over time benefit from capital gains if the property rises in value.

Another little known benefit of owning an investment property is through claiming depreciation as the building grows in age, both on the building itself and what’s in it - the fittings and fixtures.

The Australian Taxation Office (ATO) allows investors to claim this decreasing value as your property ages through annual tax deductions.

BMT Tax Depreciation is an 100% Australian-owned and independent company which specialises in helping you maximise the deductions you can make through depreciation. They’ve been in business since 1997 and have over 160 full-time specialist staff to help clients across Australia.

They also have a number of memberships and registrations which demonstrates their professional commitment. They’re:

  • members of the Australian Institute of Quantity Surveyors (AIQS)
  • members of the Royal Institute of Chartered Surveyors (RICS)
  • registered tax agents for rental, commercial and investment properties
  • members of the Auctioneers & Valuers Association of Australia (AVAA)
  • members of Property Investment Professionals of Australia (PIPA).

BMT Tax Depreciation services

BMT Tax Depreciation offers a range of services which different clients may find useful.

As mentioned above, they can help property investors to maximise their tax deductions by preparing a tax depreciation schedule.

This is a 40-year forecast which is put together by a qualified BMT quantity surveyor which takes into account the depreciable items in your property.

This includes the property’s plant and equipment, which covers items such as carpets, light fittings, air conditioners and hot water systems.

Depending on a number of factors, such as the age of the building and its use, you can then claim depreciation.

Because BMT’s specialists are qualified quantity surveyors, they have the necessary knowledge to maximise the claims you can make due to depreciation.

The BMT fee guarantee

As part of BMT’s service, they guarantee that your depreciation deductions will be maximised. If they aren’t able to provide deductions in the first full financial year claim which are worth double the fees they charge, you won’t have to pay a cent.

Other tax depreciation services

BMT Tax Depreciation also works with different groups when it comes to tax depreciation. These include:

Accountants

If you’re an accountant you can use BMT to produce tax depreciation schedules for your clients, reducing your risk in the process and ensuring your client saves money. BMT supplies schedules in CSV format for easy uploading and updating, offers training sessions, and is affiliated with the Auctioneers & Valuers Association of Australia (AVAA), Royal Institute of Chartered Surveyors (RICS) and the Australian Institute of Quantity Surveyors (AIQS).

Property developers

BMT can help property developers to sell their developments by providing prospective buyers with tax depreciation estimates. These estimates can help buyers to see what sorts of deductions they’d be able to make if they were to purchase part of your development as an investment.

Real estate professionals

Like property developers, real estate professionals can help maximise sales by providing potential buyers with tax depreciation estimates. These can help to show buyers an estimate of the deductions they’d be able to make on the property if they owned it. BMT can also review existing estimates for free to ensure your estimate is maximised.

Calculators and other benefits

BMT Tax Depreciation offers a live chat service to help you find out how they may be able to help you. They also have a range of calculators and tools on their website to help investors. These include:

  • Tax Depreciation Calculator - This calculator can help you work out a rough idea of how much you could depreciation you could claim for your property.
  • Construction Cost Calculator and Table - This calculator and table helps you work out an estimate of how much it might cost to construct a property in Australia. This includes different property types and levels of finish.
  • BMT Rate Finder - BMT has a database of depreciable items and their depreciation rates for both the Diminishing Method Rate and Prime Cost Method.

Don’t be part of the 80% of property investors who aren’t maximising their depreciation allowances. Add BMT Tax Depreciation to your tax depreciation comparison today.

Compare the latest investor mortgage rates

Rates last updated February 17th, 2020
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Name Product Interest Rate (p.a.) Comp Rate^ (p.a.) Application Fee Ongoing Fees Max LVR Monthly Payment Short Description
UBank UHomeLoan Variable Rate - Discount Offer for Investor Variable P&I Rate
3.24%
3.24%
$0
$0 p.a.
80%
Get a discounted, low-fee investor loan from a convenient online lender. 20% deposit required.
Athena Variable Home Loan - Refinance (Investor, P&I)
3.24%
3.20%
$0
$0 p.a.
80%
Athena offers one of the lowest rates in the market for investors looking to refinance their mortgage. No ongoing fees and no application fee. Principal and interest repayments.
State Custodians Low Rate Home Loan with Offset - LVR up to 80% (Investor, P&I)
3.15%
3.17%
$0
$0 p.a.
80%
This investment loan keeps fees low, has a sharp interest rate and comes with a 100% offset account. This loan is not available for construction.
Newcastle Permanent Building Society  Premium Plus Package Fixed Rate - 2 Year Fixed (Investor, P&I)
3.17%
4.36%
$0
$395 p.a.
80%
Investors can lock in their rate for two years and pay no upfront fees.
Virgin Reward Me Variable Home Loan - LVR <= 80% ($500k to $750k Investor, P&I)
3.44%
3.60%
$300
$10 monthly ($120 p.a.)
80%
A flexible variable loan for investors. No application fee.
loans.com.au Smart Home Loan - (Investor, P&I)
3.19%
3.21%
$0
$0 p.a.
80%
A competitive variable investor rate for borrowers with 20% deposits. Low fees, redraw facilities and repayment flexibility.
Athena Variable Home Loan - (Investor, P&I)
3.24%
3.20%
$0
$0 p.a.
80%
A competitive variable mortgage for investors looking to purchase a property. Principal and interest repayments. No ongoing fees and no application fee.
IMB Fixed Rate Home Loan - 3 Years Fixed (LVR ≤90% Investor, P&I, NSW and ACT borrowers only)
3.23%
3.90%
$449
$6 monthly ($72 p.a.)
90%
NSW and ACT customers only. A 3 years fixed rate investor which allows extra repayments to be made.
Macquarie Bank Basic Fixed Home Loan - 3 Year Fixed Rate LVR ≤ 70% (Investor, P&I)
3.19%
3.34%
$0
$0 p.a.
70%
A principal and interest loan for property investors with a 30% deposit.
Gateway Bank Low Rate Essentials Variable Rate Home Loan - Special offer LVR up to 80% and over $500k (Investor, P&I)
3.29%
3.32%
$0
$0 p.a.
80%
Investors with 20% deposits can get this flexible variable mortgage with low fees and a reasonable rate.
UBank UHomeLoan - 1 Year Fixed Rate (Investor, P&I)
2.89%
3.84%
$395
$0 p.a.
80%
Investors can enjoy flexible repayments and an easy application process with this pioneering online lender.
Macquarie Bank Basic Fixed Home Loan - 1 Year Fixed Rate LVR ≤ 70% (Investor, P&I)
3.19%
3.37%
$0
$0 p.a.
70%
This fixed investor loan keeps it simple and boasts a low rate. Requires a 30% deposit.
Pepper Money Essential Prime Full Doc Home Loan - LVR >75% up to 80%
3.59%
3.79%
$599
$10 monthly ($120 p.a.)
80%
This is a competitive, flexible variable rate suitable for borrowers with a good credit history. Borrow up to 80%.
State Custodians Low Rate Home Loan with Offset - LVR up to 80% (Investor, IO)
3.40%
3.26%
$0
$0 p.a.
80%
A competitive rate with no application or ongoing fee. This loan is not available for construction.
ING Orange Advantage Loan - $150k to $500k (LVR <=80% Investor, P&I)
3.49%
3.82%
$0
$299 p.a.
80%
Investors can enjoy a 100% offset account, a redraw facility and flexible repayments.
State Custodians Low Rate LOC - LVR up to 80% (Investor, IO)
3.40%
3.41%
$0
$0 p.a.
80%
Investors can easily access their equity using BPAY, a debit Master Card or cheque book with this interest-only line of credit. This loan is not available for construction.
UBank UHomeLoan - 3 Year Fixed Rate (Investor, P&I)
2.84%
3.59%
$395
$0 p.a.
80%
Pay no ongoing fees on this investment loan fixed for 3 years.
State Custodians Low Rate Home Loan with Offset - LVR 80% to 90% (Investor, P&I)
3.45%
3.47%
$0
$0 p.a.
90%
Access a fee-free offset account and a special interest rate for investors. This loan is not available for construction.
Pepper Money Essential Prime Alt Doc Home Loan - LVR up to 55%
3.69%
3.88%
$599
$10 monthly ($120 p.a.)
55%
A competitive rate home loan with an offset facility for self-employed borrowers.
ANZ Breakfree Home Loan Package  - $500,000 plus (LVR <=80% Investor, IO)
4.84%
4.99%
$0
$395 p.a.
80%
Pay no application fee with 100% offset account with redraw facility and borrow up to 95% LVR.

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Credit services for Aussie Select, Aussie Activate and Aussie Elevate products are provided by AHL Investments Pty Ltd ACN 105 265 861 (“Aussie”) and its appointed credit representatives, Australian Credit Licence 246786. Credit for Aussie Select products is provided by Residential Mortgage Group Pty Ltd ACN 152 378 133, Australian Credit Licence 414133 (“RMG”). RMG is a wholly-owned subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL and Australian Credit Licence 234945. Credit for Aussie Activate products is provided by Pepper Finance Corporation Limited ACN 094 317 647 (“Pepper”). Pepper Group Limited ACN 094 317 665, Australian Credit Licence 286655 acts on behalf of Pepper. Credit services for Aussie Elevate products are provided by AHL Investments Pty Ltd ACN 105 265 861 Australian Credit Licence 246786 (“Aussie”) and its appointed credit representatives. Aussie is a trade mark of AHL Investments Pty Ltd ABN 27 105 265 861. Credit and any applicable offset accounts for Aussie Elevate are issued by Bendigo and Adelaide Bank Limited ABN 11 068 049 178 AFSL / Australian Credit Licence 237879.

Aussie is a trade mark of AHL Investments Pty Ltd. Aussie is a subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124. ©2019 AHL Investments Pty Ltd ABN 27 105 265 861 Australian Credit Licence 246786.

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Athena Variable Home Loan - Refinance (Owner Occupier, P&I)

Owner occupiers looking to refinance can get one of the lowest rates in the market with this variable rate mortgage. $0 application fee and $0 ongoing fees.

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UBank UHomeLoan Variable Rate - Discount offer for Owner Occupiers, P&I Borrowing over $200,000

Take advantage of a low-fee mortgage with a special interest rate of just 2.84% p.a. and a 2.84% p.a. comparison rate.

Logo for Suncorp Back to Basics Home Loan - Better Together Special Offer $150k+ LVR<=90% Incl. LMI (Owner Occupier, P&I)
Suncorp Back to Basics Home Loan - Better Together Special Offer $150k+ LVR<=90% Incl. LMI (Owner Occupier, P&I)

Get one free online redraw per month and pay no ongoing fees. Application fees are waived for loans above $150,000.

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