Quick Property Review

This quick review of your property will assist in deciding if it qualifies for depreciation entitlements. This review is for both residential and commercial properties.

If the property was extensively renovated (like new, replacing walls and significant structural improvements) by previous owners and lived in for less than 6 months after renovation and no depreciation was claimed, the new owner can claim both Capital and Depreciation Deduction. The same applies if the current owner/s extensively renovated and lived in a property for less than 6 months before it was rented out. Request your Depreciation Schedule.

If the property was extensively renovated (like new, replacing walls etc. ie significant structural improvements) by the current owner and rented within 6 months of renovation, the property will be treated like new. Capital Works and Depreciation deduction will be available. Scrapping may be available if the property was income-producing before the 9th of May 2017 and not lived in. Request your Depreciation Schedule.

If the property was renovated by the current owner and not lived in, new renovations will be deductible. Older Plant & Equipment which may not have been replaced will form part of the Capital Gains/Loss deduction on disposal. Additional Capital Works will be available for any construction post-1987 build. Request your Depreciation Schedule.

Your property may qualify for depreciation please complete this form, and we will get back to you as soon as possible.

Congratulations, your property will qualify for both Capital Works Expenditure and Depreciation of Plant and Equipment. Start Now.

Your property will qualify for Capital Works Expenditure (Division 43), but not eligible for Depreciation of Plant and Equipment (Division 40) ie. carpets, blinds etc. Any new item you purchase whilst renting the property will be depreciated (Division 40) and claimed in the year of purchase. Any renovation or addition will be deductible under Construction Works Deduction and Depreciation Items. Start Now.

Your name*

Your Phone*

Your Email*

Investment Property Address*

Owner/s Name/s (Entity Name)

GST Registration YESNO

If Yes GST Credits Claimed YESNO

Multiple Owners YESNO

Owners Names (Include % ownership)

Settlement Date

Construction Cost

Construction Date(?)

Date Available For Rent

Furnished/Fitted Out Property YESNO

Approximate Value of Furniture/Fitout $

Community/Strata Title YESNO

Individual Unit Entitlement (%) and Total Unit Entitlement

Property Information

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Property Type*

Ownership Type*(?)

Purchase Date* (?)

Property New or Existing* (?)

First Available for rent* (?)

If Lived In Specify Date Rented Out(?)

Approx Year Build* (?)

Is the property Renovated* (?)

"Other" Trusts (non-corporate) or Self Managed Super Funds are treated as if owned by the individual for purpose of claiming depreciation deduction, please continue with assessment as if owned by an Individual.

The ATO considers Airbnb rentals as residential, in some cases, Airbnb may have a commercial/business nature. This type of property may need individual assessment. (Please note, if qualified, fully furnished properties are at an additional cost). Please complete the above form and we will get back to you as soon as possible.

We are sorry but your property will not qualify for depreciation. If you like confirmation, please contact us.

We sorry but your property will not qualify for Capital Works Expenditure (Div 43), you may qualify for small Depreciation deduction of Plant and Equipment. Please contact us for an obligation-free personal assessment.

“*” All fields mark with asterisk are required.

This is an indicative query, it may not work for all scenarios, if not sure please contact us for obligation-free quantity surveyor assessment. Contact Us.