Find the effective life and depreciation rate for any plant or equipment asset with BMT Rate Finder.
BMT Rate Finder helps you to quickly search the Australian Tax Office’s Table B list of plant and equipment assets to find the depreciation rate and effective life of depreciating assets.
Using Rate Finder you can search by asset or industry to view the assets effective life and depreciation rate using both the prime cost and diminishing value methods of depreciation. The search results also include the date of application, allowing you to keep track of when the rule takes effect.
This app is ideal for Accountants, helping to remove the guesswork out of calculating the effective life of depreciating assets.
Every property investor can claim yearly deductions for the wear and tear on their building and its fixtures and fittings. The effective lives and rate of depreciation for assets within Rate Finder are set out as per the Australian Taxation Office (ATO).
Download BMT Rate Finder today to search for a depreciable asset’s rate and start claiming depreciation today.
Learn more about BMT Tax Depreciation:
BMT Tax Depreciation specialise in maximising depreciation deductions for property investors Australia-wide. The Australian Taxation Office (ATO) allows investment property owners to claim a deduction related to the building and the 'plant and equipment' assets contained within it. Depreciation can be claimed by any owner of an income producing property. This deduction essentially reduces taxable income for investors – they pay less tax.
Every investment property should have a tax depreciation schedule completed to unlock its full cash flow potential. Property owners could be saving thousands of dollars every year. To learn more about property depreciation or to request a quote visit our website at www.bmtqs.com.au