Comprehensive Depreciation Reports at a Competitive Price
Review
- Indicative Review of Depreciation
- Instant Confirmation of Eligibility
- Free QS Assessment by Email
- Quick Query To Assess Property Depreciation Deduction
Quick online review of investment property depreciation deduction entitlement.
Tax Depreciation
- Online Tax Depreciation
- 40 Year Capital Expenditure
- Div 40* - Prime and Diminishing
- Online Tax Depreciation Schedule
*For property purchased after 9th of May 2017 and not new, we prepare capital gains asset valuation.
Inspected
- Inspected Tax Depreciation
- 40 Year Capital Expenditure
- Div 40 - Prime and Diminishing
- Inspected Property - Residential and Commercial*
Some properties may not qualify for fast depreciation and may require inspection. Contact us
Amendment
- Adding new Depreciation Items
- Scrapping Existing Assets
- Adding New Renovation
- Ask for a quote. The price depends on the extent of additions
Valuation of additional Furniture is extra cost and part of this charge. Please contact us if your property is fully furnished.
NO UPFRONT PAYMENT IS REQUIRED. FOR ONLINE REPORTS PAYMENT IS DUE ON COMPLETION OF YOUR TAX DEPRECIATION SCHEDULE. INSPECTED PROPERTIES REQUIRE A 50% DEPOSIT.
FAQ
We have a straightforward system, no complicated form. We do the work for you. The $350 report is designed to be delivered within 48 hours. However, in some cases where there is insufficient information, the report may require more time.
Once we receive the enquiry form, we will advise you if the property is eligible for a depreciation schedule. Some properties may be too old for a deduction.
If your property is eligible for tax deductions, we will contact you for further information, such as plans (if available), a property management condition report etc.
On completion of the report, an invoice will be issued for payment. The report will be sent by email.
All quoted prices are GST free. We are a small boutique tax quantity firm.
Our service caters to our client’s individual needs.
The reports are prepared by a qualified quantity surveyor with over 30 years of individual quantity surveying experience. In addition, a registered tax agent checks all reports for compliance.
The report includes 40 years of Construction Cost Valuation and up to 20 years of Plant and Equipment.
“From 1 July 2017, investors in residential investment properties cannot claim a depreciation deduction for any used or second hand assets acquired after 7:29pm on 9 May 2017. New assets separately purchased by investors, or purchased as part of new residential investment properties, are unaffected by this new measure.”
As a result, properties purchased after that date will not qualify for asset depreciable ie. carpets, blinds, air-con etc. More information from ATO.
Such property may not require an inspection. Construction cost is available from a different sources, and we have access to an extensive database of information.
The inspection would be required where the property was extensively renovated and construction cost is unavailable. However, if you built the property, we are required by law to use your cost. The court will not accept construction cost valuation estimates by the Quantity Surveyor (case law), where the owner was required by law to keep records of such expenditure.
If required, we can provide capital asset valuation for properties that do not qualify for depreciation deduction. This is not a depreciation schedule and can not be used in the tax return as a deduction. Disposal of such items may reduce capital gains tax in the year the asset is disposed of.
If you require capital gain asset valuation, please contact us.
Low-Value Pool – We can provide a low-value pool on eligible plant and equipment by request. LVP may not be suitable for long term investment. More information from ATO
If you have commercial or rural property please send us an enquiry regarding your property and we will be able to assist with the preparation of your specific deduction. Business sale and asset revaluation, if you purchased a new business and need asset valued, please contact us for a quote.