Holiday parks offer plenty of activities and depreciation deductions
Holiday Parks can potentially carry thousands, and even millions, of dollars in depreciation deductions available over their lifetime, according to BMT Tax Depreciation.
How to maximise your cash flow during the off-season
One of the best ways to maintain a healthy cash flow during this time is to have a tax depreciation schedule prepared for the property according to BMT Tax Depreciation
BMT Tax Depreciation have advised that boutique hotel investors may be eligible for thousands of dollars in property depreciation deductions, a non-cash deduction, meaning hoteliers don’t need to spend any money in order to claim it.
Hotel market prime for new development, owners reminded of significant depreciation benefits - BMT Tax Depreciation
Things are looking positive for the Australian hotel market in 2019, although this may not be obvious from performance statistics from the past financial year.
See the deductions available in a hotel lobby - BMT Tax Depreciation
Hoteliers are entitled to claim deductions in the form of depreciation for many of the assets installed during the fit-out of a property, including those commonly found in hotel lobbies.
See the depreciation deductions available in a hotel room
Depreciation is one of the most commonly overlooked tax deductions by property investors and research suggests that around 80 per cent of hotel owners fail to maximise the deductions available to them and are therefore missing out on thousands of dollars.