As the end of the financial year creeps towards us, the sad reality is, that many investors and small businesses will pay more tax than they need to. And simply because they don’t know what opportunities are available to them.
What many people don’t know… despite recent ATO changes aimed at limiting residential claims, there are ways to maximise claims on renovation works, new properties and in most cases, all building works dating back as far as 1987.
But part of our commitment is knowing how to help. Which is exactly what we did over the past financial year for a small family business that ended up establishing a $285,000 first year claim. They simply couldn’t believe just how much they could actually claim.
And also… that two groups of people remain unaffected by the new government legislation, introduced in May 2017. Firstly, investors who purchased property prior to the ruling, and secondly, those who purchased new residential properties. These purchasers together with commercial & rural investors can continue to claim depreciation without change.
Increased tax savings for hundreds of hard working small businesses and investors has certainly been the highlight of our year. We don’t want people to be paying more tax that they should. If you know anyone who may benefit from a Mintax depreciation schedule in the 2017/18 tax year, please let us know!
285,000 Reasons For Investors To Consider Depreciation
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Should you like further information or a quote for our services we can be contacted via email at admin@mintax.com.au or by phone on 1300 826 296.
Mintax a fresh approach to depreciation.