It's the second-biggest tax break for property investors, but many miss it

BMT Tax Depreciation CEO Bradley Beer says substantial claims are available – but not everyone is taking advantage. Photo: BMT Tax Depreciation.

Many property investors are unwittingly missing out on thousands of dollars in tax deductions every year – and at the centre of it is a depreciation schedule.

A depreciation schedule outlines how much wear and tear an investment property has on the structure, fixtures and fittings over time and how much of that loss can be claimed as a tax deduction.

Depreciation is the second-biggest tax deduction available to property investors. Average first-year depreciation deduction can be an eye-watering amount up to around $10,000. Over the life of the property, it can come to hundreds of thousand of dollars

BMT Tax Depreciation CEO Brad Beer says, “Th