tax depreciation COVID-19

The office sector has proven surprisingly resilient over the course of the COVID-19 pandemic. In early 2020, the sector saw widespread changes to the physical locations in which people were working, with most office staff shifting to working from home arrangements. 

Are you a business owner looking to complete a renovation to update your business’ space? Did you know that you can claim depreciation on the assets you’ve removed?

Cleaning and maintenance is a high priority for any commercial property owner or business. Not only does it help achieve durability of property and assets, but it also improves the presentation and profitability of a commercial operation. 

Just because June 30 has been and gone, commercial investors and businesses don’t need to wait another financial year to get a tax depreciation schedule. Even if a schedule is ordered after the end of a financial year (FY), depreciation can still be back-claimed. 

With $493 million worth of transactions in 2020, service stations have proven to be a lucrative industry according to BMT Tax Depreciation.

Commercial properties come in all shapes and sizes. Farms, office towers, warehouses and the local café are all examples of commercial properties. The flexibility and sheer size of commercial properties can offer investors with the opportunity to own mixed-use commercial property. 

BMT Tax Depreciation share their top five commercial depreciation tips to help you claim more deductions. 

BMT Tax Depreciation looks at Capital gains tax (CGT) and what it means for commercial property owners.

BMT Tax Depreciation examines how the Federal Budget incentives are available for businesses located Australia wide. 

Commercial property owners and tenants who don't scrap assets during a renovation may literally be throwing away cash, according to BMT Tax Depreciation.