BMT TAX DEPRECIATION
Tax and depreciation determine the day-to-day affordability of our property portfolios. The high calibre of entries made a huge impression on our judges and we are excited to announce BMT Tax Depreciation as winner!
While all nominees put forward exemplary submissions, the standout for our judges was BMT Depreciation, which has been advocating hard on behalf of investors following the 2017 federal budget.
“BMT were closely involved in parliamentary discussions regarding the changes during the 9th of May 2017 federal budget relating to plant and equipment assets found in second-hand residential properties, which passed through parliament on the 15th of
November 2017,” says Bradley Beer, CEO of BMT Tax Depreciation.
“Within the days following the announced changes, BMT was invited to participate in discussions with the Treasury aimed at delivering the proposed changes with minimal impact on property investors.”
Since then, BMT has been “a market leader in educating and informing clients and referrers about how the new rules impact them”, Beer says.
Furthermore, since its inception in 1997, BMT has completed just over 600,000 tax depreciation schedules, and in 2017 it launched MyBMT, an interactive portal designed to let property investors, accountants and real estate agents manage the details of a property in one central location.
“Alongside our commitment to educating clients about the benefits of claiming depreciation to help improve their cash flow, BMT are dedicated to ensuring each customer receives the highest level of customer service,” Beer says.
“We work closely with accountants, property professionals and other industry professionals to help provide resources that add value to their existing services, and we are committed to advocating and lobbying on behalf of property investors’ interests.”
“BMT offers a vital service to investors to help them maximise their deductions in line with current legislation. Giving users access to MyBMT, its online portal, offers investors further benefits as they are able to manage details relating to their property investment in one location. Other favourable aspects of the BMT offering include the availability of a Tax Depreciation Calculator, and the fundraising support BMT provides to charities and the community, like the Cancer Council and RSPCA.” - Frank Knez, Corelogic
“In particular, the introduction of two very innovative products – the interactive portal MyBMT and the new service for property managers, New To Rent – was very impressive. I was also very impressed with their level of social responsibility, with their involvement in at least nine charities and fundraising activities. This is coupled with an impressive engagement at the business level through their membership of many leading associations.”
- Quentin Kilian, REINT