Revolve Commercial Podcast: How to Save Thousands of $$$Dollars🤑😀 with a Tax Depreciation Schedule
Jun 15th, 2022 by Andrew Bean
In this month's episode of the Revolve Commercial Podcast Mish and Andrew sit down with Mike Mortlock from MCG Quantity Surveyors to discuss how a tax depreciation schedule can save you thousands of dollars at tax time.
Mike explains exactly what a tax depreciation schedule is and the money you could be leaving on the table if you don't get one done within the first two years of owning the property.
Topics also covered:
- How inflation affects your tax depreciation schedule
- The change in Tax legislations in 2017
- Straight Line Depreciation Method AKA prime cost method
- Diminishing Value Method
- What types of commercial property have higher tax depreciation deductions
- Some of the key mistakes people make when buying a new property from a developer
- How to choose which depreciation method is best for your current situation
- How much a tax depreciation schedule actually costs
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https://feel-the-magic-2021-magic-ride.raisely.com/mike-mortlock
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Mish Daniel - Revolve Commercial
Ph: 0401 313 573
Email: mish@revolvecommercial.com.au
LinkedIn: https://au.linkedin.com/in/michelline-daniel-commercial
Instagram: @revolve.commercial
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Guest: Mike Mortlock
Email: mike@mcgqs.com.au
Website: https://www.mcgqs.com.au/
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SHOW CREATED BY THE COMMERCIAL PROPERTY SHOW NETWORK
HOSTED BY: Andrew Bean
Ph: 0410 694 633
Email: ab@developalife.com.au
LinkedIn: http://linkedin.com/in/andrew28
Instagram: @andrewbean28
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APPLE PODCAST
https://podcasts.apple.com/au/podcast/commercial-property-show-australia/id1500207613
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