Tax Depreciation Report from $350 in 48 hours

Construction expenditure 40-year schedule: Division 40 - Plant and Equipment Valuation by both Prime and Diminishing methods.

At no additional cost, an optional Capital Loss Schedule is available instead of Division 40 for properties purchased after 9 May 2017, which are not new. This includes properties that were main residences and rented on or after 1 June 2017.

An optional low-value pool (LVP) is also available. Please note that the LVP accelerates the deduction of Division 40 - Plant and Equipment. This method may not be suitable for long-term real estate investment, and it is recommended that you consult with an appropriate tax advisor.

Please complete the form. Once we receive your information, we will assess whether the property is eligible to claim depreciation. We will contact you via email for further details after evaluating the property. No lengthy or confusing forms.

If you've renovated your property, please provide the dates and costs of the renovation (if known). If you've built the property, please provide information on construction or provide a list of expenditures.

Upon completing the report, we will send you an invoice with payment. Once we receive payment, we'll email you the report.

Please note you will only need this report as long as this property is deriving income, you will not require new report every year. If you have new additions, we can include them at small cost and amend your report.

Our quantity surveyors have prepared a large number of depreciation schedules. As a result, we have found that regardless of how much a company charges, the estimate should always be similar. An experienced quantity surveyor will use their knowledge and available resources to produce an accurate estimate.

The construction cost is calculated based on historical data when the property was constructed. The calculation is based on the size and quality of the construction.

If the information required to complete your property is not available, we may ask you to provide further information such as photos, plans, etc.

Are cheap depreciation schedules nasty and not worth the money? Well, it all depends on the qualification and expertise of the quantity surveyor who is preparing the report. If audited, will your quantity surveyor be able to show how they estimated the cost? Will your report be individual-specific to your property, not computer-generated?

We provide personalized service. Every report is prepared with care, and every report is consistent with ATO legislation.

What about large-quantity surveying firms? Are their depreciation schedules better? Imagine a large corporation that prepares 33 thousand reports per year. What about quality control? Personalized service? Supervision? Do you engage a large accounting firm for your simple tax return or do you engage a corporate firm?

Our price is competitive, our reports are prepared by qualified Quantity Surveyors, members of AIQS and Registered Tax Agents.

All prices are GST free. We are a boutique service. We work one on one with our clients.

Please note the cost of the tax depreciation schedule doesn't include valuation of furnishing ie: airbnb and short-term accommodation, additional fee applies for fully furnished properties.

We invoice on completion, report will be released once the payment has been received.

Due to legislative changes in 2017, second-hand properties do not qualify for a total depreciation deduction for rental property assets (Plant and Equipment Div 40). This rule applies only to properties purchased after May 9, 2017, or if the property was a previously residential address and rented after July 1, 2017. The rule does not apply to new construction properties, company-owned, or commercial properties.

IIn instances where the property was not purchased new and was bought after May 9th, 2017, the deduction only includes Construction Cost Division 43. This excludes property depreciation assets in Division 40. Division 43 is based on the historical construction costs post-1987 and is calculated at 2.5%.

We have access to an extensive construction cost database and can accurately calculate the construction cost for all properties. Kindly refer to our schedule of fees for properties that require an inspection. Price list.

We aim to deliver non-inspected reports within 48 hours. For properties with detailed assessments, such as being fully furnished or requiring inspection, the report may take up to 10 days from the date of inspection. We will advise you of any time changes and if we need additional time due to delays in obtaining further information.