Sondergaard Accountants has been working with property investors for many years and have an indepth knowledge of property investment and the tax advantages. Initially focused on residential property investments, commercial property investments, property investment syndicates, short-term property development projects, and then a broader range of opportunities now come across our desk with requests to offer these to our clients.
Our approach to these is to gain an understanding of the project and to determine the quality of the project and then to make it available for our clients to consider. We contact specific clients directly where we know they would be interested, and we provide regular information and education sessions at our offices and also external sessions with the providers themselves for their clients and ours. We provide tax advice depending on your overall situation. Factors we take into account are age, cash flow requirements, your investment category preferences and a range of other personal circumstances.
Our simple philosophy is don’t put all your eggs in one basket and only invest where you fuliy understand what you are investing in. The information age is upon us and investors can now access many opportunities directly providing better than average returns than mainstream competing investments.
Claiming property deprecation is an important factor to consider when purchasing an investment property. The Australian Taxation Office (ATO) allows owners of incoming producing properties to claim deprecation for the gradual wear and tear of a building’s structure and for the plant and equipment items contained within the property.
Depreciation deductions can amount to thousands of dollars for an investor each year and is considered a non-cash deduction, meaning the investor does not need to spend any money in order to claim it.
To calculate the likely deductions available on a current or proposed investment property simply use the free BMT Tax Depreciation Calculator.
At Sondergaard Chartered Accountants we do everything possible to help our clients receive optimal returns. To ensure our clients receive the best possible return on their investment property we have formed a relationship with BMT Tax Depreciation, Australia’s leading experts in property depreciation. BMT provides a quality depreciation schedule that outlines maximised depreciation deductions for our clients. Due to our working relationship with BMT Tax Depreciation, our clients are entitled to a reduced fee. This fee is 100% tax deductible.
If you are interested in learning more about property depreciation contact one of BMT’s expert staff today on 1300 728 726. Free educational resources are also available on BMT’s website to educate investors further on the benefits of property deprecation.