Informing the Quantity Surveyor of Improvements
Your Quantity Surveyor is here to provide you with expert service, but remember, you know your property best! It’s crucial to inform us of any improvements or changes made to your property, as this can significantly impact your tax depreciation claims.
Providing this information ensures that all enhancements are included in the report, leading to an accurate assessment and maximised deductions.
Impact on Deprecation Claims
Investors should inform the Quantity Surveyor about any property improvements, such as renovations, refurbishments, and additions. This includes new fixtures, upgraded areas like kitchens or bathrooms, installations like solar panels, and any other significant modifications that increase the property’s value.
If these works were done before you purchased the property, we can estimate the costs. However, if you incurred the costs, please let our team know.
Assistance with Site Surveys
If investors cannot provide detailed information about the improvements, TaxShield offers assistance in arranging a site survey.
With our extensive network of over 180 surveyors across Australia, we can connect investors with qualified professionals to visit the property and assess the additions or renovations. This on-site survey ensures accurate data collection and helps capture maximum deductions.
Collaboration for Optimal Results
By actively participating in the process and providing information on property improvements or utilising our site survey service, investors can effectively collaborate with Quantity Surveyors.
This collaboration ensures that the tax depreciation schedule accurately represents all eligible deductions, ultimately maximising the investor’s tax benefits and financial returns.
Benefits of Using TaxShield
Unlike other tax depreciation services that can be expensive and time-consuming, TaxShield utilises ATO-permitted and encouraged self-assessment laws from the Income Tax Assessment Act. This allows savvy property investors to efficiently assess and quantify simple plant and assets with the guidance of our qualified professional Quantity Surveyors, available Australia-wide.
With over 20 years of experience, our experts specialise in tax depreciation, ensuring you receive the most accurate and beneficial assessments. Our professional Quantity Surveyors can quickly, simply, and affordably analyse and schedule your depreciation report. TaxShield reports are typically completed within 5 business days.
A TaxShield Depreciation Schedule is a fully tax-deductible investment from just $395 + GST.
Is My Property Eligible for Tax Depreciation?
Feel free to contact us directly, and our professional Quantity Surveyors will discuss in detail the eligibility of your investment property for depreciation under Division 40 and 43 of the Income Tax Assessment Act. We have found very few properties where it is not worthwhile to claim tax depreciation deductions. If we cannot guarantee at least twice our fee in deductions in the first full tax year, there is no charge to you.
Note: Always consult a qualified and registered Tax Accountant or Tax Return Practitioner to determine which parts of the completed report you are eligible to claim.
Ready to Maximise Your Investment Returns?
Contact us today to learn how we can help you maximise your tax depreciation deductions.