13th Jun 2018

Get a cash return for your investment property

Claim Maximum Tax Refund on your Residential Investment Property

Throughout Australia, LMW is assisting owners of investment properties in claiming maximum tax refund benefits by providing Tax Depreciation reports that are fully compliant with Australian Taxation Office (ATO) standards.

LMW personnel are expertly trained and qualified to undertake a detailed property inspection in order to complete a schedule that clearly itemises the depreciable aspects of the building and its contents. We are fully conversant with the latest Government legislation to ensure reliable and accurate reporting, and work closely with our clients to provide comprehensive guidance and assessment of their depreciation entitlement.

What Are the Benefits of a Tax Depreciation Schedule?

A depreciation report will always begin from the property’s settlement date and is valid for the lifetime of the investment, however it is recommended that an updated schedule be obtained if capital works are undertaken on the property or assets within the house are replaced.

Importantly, if investors haven’t previously submitted a depreciation claim, their tax returns for the past two years can be adjusted and refunds made accordingly for this retrospective period.

Many investors don’t maximise the potential deductions available from their investment property. Both new and old properties will attract depreciation deductions and these can be claimed for all types of residential investment properties.

LMW can provide you with a competitive quote to undertake tax depreciation work on your behalf and our fee for this service is 100% tax deductible. For more information on how property depreciation can reduce your tax or to
order your Tax Depreciation report, contact LMW today residential.depreciation@lmw.com.au

Tax Depreciation Team

Nathan King

WA State Director
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Mark Robins

State Director

Adam Scerri