Running everybody welcome to the tax depreciation webinar for investors on property depreciation today I’m the managing director of Tax Depreciation Schedule.
And what I’m going to do today is give you a little bit of a rundown on a bit about tax depreciation why we why we do it how we do it and really about what sort of difference it makes to you guys as investors if it’s done it if it’s actually done properly as opposed to not done properly.
So we’ll also talk a little bit about enough information to arm yourselves hopefully that when you’re buying and looking at properties you’ll be able to know enough to know whether or not you should what sort of numbers you might be able to get.
And just help you to have a better gain a bit of understanding of how this works we find a lot of investors are not maximizing this deduction because they don’t necessarily know as much as they can and you don’t need to know how to do it you just need to know that exists.
Tax Depreciation Schedule
And make sure you get it there but help you get it done but let’s will give you a bit more insight today is the plan a little background on quantity surveyors myself and two other owners running own quantity surveyors there’s about of us nationally then we do tax depreciation schedules is our game that’s what we do all day every day we’re quantity surveyors by trade.
So we’re traditionally we estimate construction cost of buildings quantity surveyors we specialize and basically do lots of tax depreciation schedules now a little I can get it to work a little bit of housekeeping to start with any questions you’ve got through the webinar.
I’ll try to live a couple of minutes at the end to talk to them talk about any questions that are sort of generic that I might be able to answer anything else we will answer within the next hours via email and look later on if you’ve got more questions feel free to email them in and that would be fine I’ll only answer him generically.
So don’t be concerned I won’t give you names out or anything like that now why do we invest in property well it’s really all about making money at a property and there’s a few ways we can do that we want to get us you know minimize our interest is best can.
And we’re always trying to do that minimize the expenses maximize the income and the rent trying to pay out things we don’t need to it’s also about making sure you take advantage of all of the tax concessions that.
The government of this country allows us to do you find out about find it about you know close to eighty percent of investors are not maximizing the tax depreciation which is often the really easily missed deduction that people don’t get.
That the government of this country allows us to do you find out about find it about you know close to eighty percent of investors are not maximizing the tax depreciation which is often the really easily missed deduction that people don’t get.
So we’re going to teach you a little bit more about how to make sure you do get out of that today and make sure you’re taking advantage of it what is it to hidden cash flow from all property investors is getting older.
It’s wearing out tax office says that based on that will allow you to make a deduction for part of the cost the building each year what it actually costs to build that building will the tax office says that that you can claim a bit of that basically it needs to be an investment property in order to climate.