Boosting Your Commercial Investment Cash Flow?

RENOVATING COMMERCIAL PROPERTY has many drawcards such as increasing value and functionality, plus attracting new tenants.

However, commercial property owners and tenants can literally be throwing away cash when they are renovating. [Read more…]

5 Tips to Maximise Your Tax Benefits With Commercial Property

TAX TIME FOR COMMERCIAL property investors can often be complex with many factors to consider, including property depreciation. 

To help you get the most out of your commercial property, here are 5 tax tips on depreciation from BMT Tax Depreciation. [Read more…]

Medical Centres – Depreciation Case Study 

THESE PAST FEW years have been challenging for the healthcare industry and medical centres in particular.

Issues with staffing, COVID-19, and larger than normal patient numbers have resulted in rapid growth within the industry.

In 2021 over 1.8 million people were employed in the health care and social assistance industry, which is projected to increase to more than 2 million by 2025.  [Read more…]

Depreciation Tips for Commercial Property

UNDERSTANDING COMMERCIAL DEPRECIATION can sometimes be difficult, but luckily you are able to get some expert advice right here from the BMT team. 

And the good news is … you don’t need to know everything. That’s why you engage a specialist – to help you claim the maximum deductions. [Read more…]

For Your Business: Is it Better to Rent or Buy?

CHOOSING WHETHER TO buy or to rent a Commercial property can often be a difficult decision. When you buy commercial property, you’re purchasing it with cash or loan proceeds. And when you have paid off the loan, you own the property outright. [Read more…]

Do Warehouses Make Good Investments?

RECENT RESEARCH SUGGESTS we are going to need 490,000 m² of new warehouse space per annum over the next couple of years – just to keep up with the current rapid consumer demand. This is the equivalent of about 80 football fields! 

But do these big sheds make a good investment for those looking to invest in commercial warehousing?  [Read more…]

Commercial Owners and Tenants Can Maximise Cash in Time for Your Spring Clean 

CLEANING AND MAINTENANCE is a high priority for any commercial property owners or businesses.

Not only does it help achieve durability for property and assets, but it also improves the presentation and profitability of a commercial facility. 

These costs can pile up quickly and squeeze money from bank accounts. But much needed relief can come in the form of tax deductions related to these cleaning and maintenance activities just in time for Spring.  

What does Cleaning & Maintenance look like for Commercial Owners?

Cleaning and maintenance can often work differently for commercial and residential owners. A commercial tenant tends to look after most cleaning and maintenance requirements necessary for their business operations. 

However, as a commercial owner, You may find yourself in a situation where the cleaning and maintenance tasks have well and truly stacked up.

This could be for several reasons, such as a tenant not meeting their own responsibilities. Or maybe, you have purchased a property needy some TLC. 

Whatever the case, commercial owners can claim any cleaning and maintenance costs as instant tax deductions, in the same financial year they are made. 

 What about Commercial Tenants? 

Commercial tenants (the business owner operating from the property) undertakes cleaning and maintenance activities on a regular basis and they can claim any products purchased for this at tax time. 

Sometimes, more detailed cleaning and maintenance activities must also be undertaken.

These are usually done by a professional external to the business, for example a handyman, machinery service technician or industrial cleaner.

Any costs associated with these types of services are 100 per cent tax deductible for the business. 

What happens when Maintenance turns into an Improvement?

Both commercial owners and tenants do need to be aware of the fine line between maintenance and improvements. 

Maintenance can often be more extensive and turn into a repair. The good news is a repair is also instantly tax deductible. However, depending on the nature of the repair it could be an improvement.

For example,  a damaged laminate bench top being replaced with a stone bench top. While the new bench top was a result of damage, it would be classed as an improvement – since the bench top was improved beyond its original state.

In this scenario, the bench top would need to be claimed over time using depreciation deductions. These are tax deductions for the natural wear and tear of property and assets over time. 

Depreciation is claimed at tax time and the amount depends on the asset type and value.

This is why it’s essential to enlist a speciality quantity surveyor, such as BMT Tax Depreciation – to prepare a tax depreciation schedule, and ensure any depreciation is claimed correctly and to its full potential. 

Bottom Line: A tax depreciation schedule is a report that outlines the deductions available for all depreciable assets held by the owner. If an improvement is made after the schedule has already been prepared, BMT can easily update the schedule to make the process of claiming ongoing depreciation easy. 

It’s NEVER Too Late for Commercial Investors and Business Owners to Claim Thousands in Depreciation

JUST BECAUSE 30 JUNE has been and gone, commercial investors and businesses don’t need to wait another financial year to obtain a tax depreciation schedule. Even if a schedule is ordered after the end of a financial year (FY), depreciation can still be back-claimed.  [Read more…]

What are commercial plant and equipment depreciation deductions?

WHEN YOUR SPECIALIST QUANTITY SURVEYOR tells you that you can claim depreciation on almost anything, they mean it. [Read more…]

Handling Depreciation for Commercial Mixed-use Developments

YOU WILL FIND Commercial properties come in all shapes and sizes.

Office towers, warehouses, the local café, and farms are all examples of commercial properties. The flexibility and sheer size of commercial properties can offer investors the opportunity to own mixed-use commercial property.  [Read more…]

Commercial Depreciation and Capital Gains Tax

Capital Gains Tax (CGT) is one of the more complex areas of tax legislation.

WHILE MOST INVESTORS just imagine a large tax bill, it isn’t a ‘one size fits all’ result for every business and commercial property owner. 

So, let’s perhaps explore this in a little more detail. [Read more…]