BMT Rate Finder is an easy to use tool to find out the effective life and depreciation rate for any plant or equipment asset.
Using Rate Finder you can search by industry or asset. You will then see the effective life; depreciation rate for the asset for both the Prime Cost and Diminishing Value method of depreciation.
Every property investor can claim yearly deductions for the wear and tear on their building and its fixtures and fittings. The effective lives and rate of depreciation for assets within Rate Finder are as set out by the Australian Taxation Office.
Start your search for a depreciable asset’s rate and start claiming depreciation today.
For more information on property tax depreciation visit us at www.bmtqs.com.au.