A boutique aggregator has partnered with a tax depreciation specialist to capitalise on measures announced in the 2017 federal budget.
In line with the budget’s changes to rules around depreciation, eChoice has announced that its brokers will now benefit from the aggregator’s newest partnership with tax depreciation specialist company BMT.
eChoice general manager Blake Buchanan said the aggregator recognised impending changes were likely to be made to rules governing tax depreciation for investors, and identified a suitable partner that could offer brokers a respected information service they could depend on for their investor clients.
“Now that changes to depreciation rules have become reality as part of the Treasurer’s budget delivery, the intention is for our brokers to be able to connect their investor clients with the depreciation specialist at the point of sale,” he said.
“This offers a significant value-add for their businesses to already have that critical service on-boarded well before July.”
As brokers continue to arrange more investment loans, the need for concise and current advice on rules around depreciation is critical, BMT chief executive Bradley Beer said.
“This partnership with eChoice will really complement the existing service their brokers provide to the investor market, by delivering a necessary element of legal clarity around changes and how they will affect each individual borrower.”
[Related: Remuneration reform unites aggregators]
James Mitchell has over eight years’ experience as a financial reporter and is the editor of Wealth and Wellness at Momentum Media.
He has a sound pedigree to cover the business of mortgages and the converging financial services sector having reported for leading finance titles InvestorDaily, InvestorWeekly, Accountants Daily, ifa, Mortgage Business, Residential Property Manager, Real Estate Business, SMSF Adviser, Smart Property Investment, and The Adviser.
He has also been published in The Daily Telegraph and contributed online to FST Media and Mergermarket, part of the Financial Times Group.
James holds a BA (Hons) in English Literature and an MA in Journalism.
Australian prime home loan arrears fell in July in all states exc...
BOQ and Heritage have both made updates to their processes for ex...
As of today, Teachers Mutual Bank will make changes to its loan o...