Four out of every five property investors are missing out on major tax rebates by forgetting to claim certain items. According to BMT tax depreciation here are the top 10 items landlords never claim on:
- Bathroom accessories – free standing
- Ceiling fans
- Clocks
- Door closers
- Exhaust fans
- Garbage bins
- Garden sheds free standing
- Light fittings non hard wired
- Mirrors free standing
- Radios
“Property investors tend to focus on the larger-ticket depreciation items available, such as the structure of the house and large plant items in the house” said BMT managing director Brad Beer.
If you are thinking of renovating or have recently renovated, have a chat to your tax accountant or contact a professional deprecation company to see how much you can claim back.