New rights for tenants to have pets in rentals. Happier tenants – right?
As a landlord of a property investment, if you see this as ‘ruined carpets waiting to happen, well there can be good news as a tax benefit.
If you need to replace the carpets, one can claim 100% value of the ‘residue value’ left (remaining tax deduction value) when the old carpets are disposed off…
and claim deductions for the next 10 years on the new carpets!
If this sounds like a foreign language to you and you are a property investor, the unfortunate reality is that most likely you aren’t maximising (or worse forfeiting tens of thousands of $$ of tax claim deductions on your property investment from neglect and require the services of a quantity surveyor).
Get in touch with BWK Group and we can rectify (with set and forget) and make it possible to claim your entitled tax write-offs as quantity surveyors and registered tax agents via our depreciation service.