According to BMT Tax Depreciation, which has worked with over 400,000 Australian property investors, there are millions of dollars in unclaimed tax that investors are missing out on every year. According to CEO of BMT, Bradley Beer, the first mistake investors are prone to is not being thorough enough with their returns. “Items such as smoke alarms, security systems, swimming pools and even garbage bins are often overlooked but hold valuable tax savings for property investors,” said Mr Beer. “The ATO allows two previous tax returns to be adjusted so investors would be wise to examine whether they have missed anything and if so, speak to their relevant adviser to have their tax return amended,” said Mr Beer. “Some investors may not realise the cost of obtaining a depreciation schedule is 100 per cent tax deductible,” said Mr Beer.