Ep.117 | Everything You Need To Know About Depreciation Changes - Chat with Bradley Beer, CEO of BMT Tax Depreciation
Summary: We’ve got Bradley Beer, CEO of <a href="https://www.bmtqs.com.au/" target="_blank" rel="noopener noreferrer">BMT Tax Depreciation</a> on the podcast today! Now, some of you might remember Bradley back in <a href="http://www.thepropertycouch.com.au/episode-010-tax-depreciation/" target="_blank" rel="noopener noreferrer">Episode 10</a> where we talked about what is a tax depreciation schedule, how it works and if all property investors should have one done.<br> For today’s episode, however, we will be relating back to <a href="http://www.thepropertycouch.com.au/ep115-2017-federal-budget-mean-to-the-property-market/" target="_blank" rel="noopener noreferrer">Episode 115</a> where we chat about the impact of the recently released <a href="http://www.budget.gov.au/" target="_blank" rel="noopener noreferrer">Federal Budget</a> had on property investors, focusing specifically on the depreciation changes. So here are the topics that they touched on today:<br> <br> * Exactly what part of the depreciation deductions are affected by the proposed changes?<br> * Are capital works deductions still available to be claimed at 2.5% for 40 years?<br> * What is the significance of 7:30 pm AEST on the 9th of May 2017?<br> * Will they be looking at the contract date or settlement date?<br> * Do the proposed changes affects tax depreciation schedule that was previously submitted?<br> * How will this impact investor’s cash flows and is there a difference between new vs old property?<br> * What is the logic behind the changes on investor’s travel expenses?<br> <br> <br> Free Resources:<br> <br> * Here’s our video and article on realestate.com.au – <a href="http://www.realestate.com.au/advice/money-tips-to-kick-start-your-property-journey/" target="_blank" rel="noopener noreferrer">Click here to watch How to use Flour Jar Method of Saving for a House</a><br> * BMT Tax Depreciation Application Form – <a href="http://www.thepropertycouch.com.au/wp-content/uploads/2017/05/BMT-Tax-Depreciation-Application-Form-The-Property-Couch-Podcast.pdf" target="_blank" rel="noopener noreferrer">Download her</a><br> <br> <br> <br> If you like this podcast: “Everything You Need To Know About Depreciation Changes – Chat with Bradley Beer, Managing Director of BMT Tax Depreciation”, don’t forget to rate us on our iTunes channel (<a title="The Property Couch - An Insider's Guide to Property Investing in Australia" href="https://itunes.apple.com/au/podcast/the-property-couch/id969904333">The Property Couch Podcast</a>) and our <a title="The Property Couch Facebook page" href="https://www.facebook.com/ThePropertyCouch">Facebook page</a>. If you have any questions or ideas, feel free to drop us your thoughts here: <a title="New topics for The Property Couch" href="http://www.thepropertycouch.com.au/topics/">http://www.thepropertycouch.com.au/topics/</a><br>
