Property Depreciation

Depreciation Schedules

Tax Depreciation Schedules

A Tax Depreciation Schedule is a detailed report that outlines the potential depreciation deductions available for an investment property under Division 40 and 43 of the Income Tax Assessment Act. Prepared by our professional Quantity Surveyors, the schedule breaks down depreciable components, including the building structure (Division 43) and plant and equipment assets (Division 40).

Not all Quantity Surveyors understand the complexities of tax legislation and the current market of construction costs. To maximise your tax depreciation claim and support you fully, you need an expert Quantity Surveyor who understands tax intricacies.

We advise our clients on the best possible outcomes, whether it’s using Low Value Pooling, the Diminishing Value or Prime Cost methods, claiming balancing adjustments, or ensuring all CAPEX costs are included. This applies to both residential and commercial clients.

Ready to maximise your tax benefits? Contact our professional Quantity Surveyors today to determine your investment property’s eligibility for depreciation. We also recommend consulting a qualified and registered Tax Accountant or Tax Return Practitioner alongside our Quantity Surveyors to maximise your tax benefits and ensure compliance with tax laws.

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Features and Benefits

Increase Tax Deductions

A Tax Depreciation Schedule enables you to claim deductions for the depreciation of assets within your investment property. Depreciation refers to the wear and tear of assets over time, leading to a decline in their value.

By claiming depreciation, you can reduce your taxable income, thereby decreasing the amount of tax you owe.

Improved Cash Flow

Claiming tax depreciation results in increased tax deductions, leading to higher refunds or reduced tax payments. This additional cash flow can be reinvested in your property or utilised for other investment opportunities.

Compliance with Tax Laws

Obtaining a Tax Depreciation Schedule ensures compliance with Australian tax laws. Prepared by a qualified Quantity Surveyor, the schedule assesses depreciable assets and calculates allowable deductions based on ATO guidelines.

This documentation serves as evidence to support your claims in case of an audit.

Maximising Deductions

A Tax Depreciation Schedule offers a comprehensive breakdown of depreciable assets within your property, including capital works deductions for structural improvements and equipment deductions covering removable. This ensures you capitalise on all potential deductions, optimising your tax benefits.

Ready to Maximise Your Investment Returns?

Contact us today to learn how we can help you maximise your tax depreciation deductions.