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.
Reduce hotel fit-out costs with depreciation deductions
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.
Don’t sweat it – save thousands on your hotel gym with 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.
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.
