Depreciation Schedule - Inspection

If the property was purchased through a company full inspection may be beneficial. If the property is extensively renovated, and the cost of the renovation is not available, we would recommend a full inspection. This also applies to commercial properties where the cost of additions and renovations are not available, and primary production properties where the cost of agricultural outbuildings is not available.

It is important to note that if you have renovated or built your property, you should use your actual cost unless the cost is unknown. When completing the depreciation schedule, we will use your cost and estimate the unknown cost to create an easy and clear report, according to the ATO guidelines.

We aim to complete the report within 10 days of inspection. The timeframe is dependent on how quickly we can organise access.

Once the report is completed, an invoice will be emailed for payment. Upon payment, the report will be issued. Please note that the report will not be issued before the payment.

If you find any errors, please let us know as soon as possible so that we can make the necessary corrections to your report.

Any costs related to post-settlement purchases (new cooktop, renovation after purchase, etc) will be added to the report. Please provide all costs, including a spreadsheet if possible.

If you have purchased new items and would like them to be included in your report, please let us know. If the addition is not significant, a small fee will be payable. Please refer to the Additions/Furniture Request page.