BMT Tax Depreciation

"When arranging a depreciation schedule for a pub, a specialist quantity surveyor will perform a site inspection to uncover all available deductions," 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.

Things are looking positive for the Australian hotel market in 2019, although this may not be obvious from performance statistics from the past financial year.

What commercial and hotel property tenants are often unaware of is that they are entitled to claim deductions in the form of depreciation for many of the assets installed during the fit-out of a property.

Many hoteliers are unaware that their swimming pool holds thousands of dollars of depreciation value that can be tapped into with the help of a Quantity Surveyor such as BMT Tax Depreciation.

A single piece of commercial gym equipment can easily cost more than $5,000 so it’s easy to see how a hotel gym could hold hundreds of thousands of dollars of equipment and assets - It’s crucial that hoteliers are aware that they can recoup many of these costs by claiming depreciation.

Many customers judge a hotel by its restaurant, so it can only be expected that hoteliers put a lot of resources into making their restaurants fit for an unforgettable dining experience - Fortunately for hoteliers, many of the fit-out costs can be recouped through depreciation deductions.

Hoteliers are entitled to claim deductions in the form of depreciation for many of the assets installed during the fit-out of a property, including those commonly found in hotel lobbies.