Reducing fit-out costs when refurbishing your hotel function centre - BMT Tax Depreciation
With the end of year approaching, hoteliers might be considering upgrading or renovating a function centre - it’s important to be aware of their tax entitlements, including property depreciation.
How to maximise your cash flow during the off-season
One of the best ways to maintain a healthy cash flow during this time is to have a tax depreciation schedule prepared for the property according to BMT Tax Depreciation
BMT Tax Depreciation have advised that boutique hotel investors may be eligible for thousands of dollars in property depreciation deductions, a non-cash deduction, meaning hoteliers don’t need to spend any money in order to claim it.
See the depreciation deductions available in a hotel room
Depreciation is one of the most commonly overlooked tax deductions by property investors and research suggests that around 80 per cent of hotel owners fail to maximise the deductions available to them and are therefore missing out on thousands of dollars.
