Are you claiming your deductions on your investment property?

As the owner of an investment property you are entitled to claim depreciation on the building structure and the fixtures and fittings inside. The exact amount of depreciation will vary from property to property. Every property investor can claim yearly deductions for the wear and tear on their building and its fittings. When purchasing an older investment property, many investors decide to renovate after settlement. Investors can often claim thousands of dollars in deductions when renovations are done.Check out this handy phone app from BMT Tax Depreciation. The FREE App enables you to estimate how much can be claimed back on a property in seconds! This advanced calculator is extremely helpful for anyone involved in property investing. http://www.bmtqs.com.au/PropertyDepreciationApp.aspx