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Tax Depreciation

Tax Depreciation, what is it?

Just like your body starts to feel the effects of wear and tear, so will your investment property.

The difference is that while you will be provided with a 'depreciation allowance' for the effected items of your property investment, when your body starts to fall apart, the only thing you can hope for is sympathy. Many people aren't aware that the building and associated plant depreciate in value over time allowing you to get significant tax relief.

The ATO has developed a number of rulings, formulas, percentages, specific dates and types of items that affect the production of an accurate depreciation schedule. The Depreciation specialists we recommend work to the ATO guidelines, they are constantly in contact with the ATO who give advise on proposed rulings.

Our Depreciation Schedule specialists also work in conjunction with the Australian Institute of Quantity Surveyors' guidelines and ensure that all of their requirements are adhered too.

A Tax Depreciation Schedule (TDS) is simply a document that lists all your investment's various items, the amount of wear left in them (effective life) and the dollar value you can claim against your assessable income.

While it sounds simple, without any in depth understanding of the governing rules and regulations it is anything but easy. The problems really starts when you have to sift through the myriad of dates, laws, percentage rates and values of all these items. The depreciation formula doesn’t end there.

To gain the full financial benefits it is crucial that you have an in depth knowledge of the construction process as most of the building and its labour components are depreciable too. For example, are you aware that the actual cost of placing one brick on another during the building operation has a value that's depreciable! Complicated? Absolutely!

It is for that reason that accountants, solicitors, real estate agents and valuers are not 'appropriately qualified' to produce a complete TDS.

A professional Quantity Surveyor is more than qualified for the job, our experience, expertise and dedication will ensure that you receive everything you are entitled to.

Why choose our Depreciation Schedule specialists?

The industry is full of companies claiming to be the best at producing Tax Depreciation Schedules and maximising investment owners Tax deductions, and in doing so offering various incentives and enticements to sway you to utilising their services.

Do we think they are the best? - Of course we do.

It is their philosophy that they provide a full detailed and accurate service to their clients for a fixed fee, no hidden extra costs, what they quote is what you pay.

What's more, you only pay when you receive your report.

Our Depreciation Schedule specialists sole aim is to maximise the Tax Benefits that you can gain from your investment property, keen to explain exactly what you will be getting and the purpose of a Tax Depreciation Schedule no matter the size of your property portfolio, or whether you are a "Mum and Dad Investor" or a multi national corporation.

Finally and most importantly to them, 90% of their Tax Depreciation workload comes from personal referrals, - that speaks for itself.

Tax Depreciation Schedule Features:

What you get ...

• Approximately 16 Page Bound Report
• Photographs of Building and Plant
• Sketch plans drawn on AutoCAD where required
• All historical research required
• Both Prime Cost & Diminishing Values used
• Breakdown of plant & articles
• Backdated reports to date of purchase (although can only claim previous 4 years)
• 40-year schedules
• All properties inspected by a professionally qualified quantity surveyor
• No up front payments
• Low Value Pooling
• Professional & personal service

Book Your Tax Depreciation Schedule with Full On-Site Inspection here.

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