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(?)If not sure enter approximate year 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 By submitting this form you agree to our Terms and Service Property Type* ResidentialCommercialAirbnb Ownership Type*(?)Please provide ownership type, company and corporate trust except for SMSF may qualify for higher depreciation. IndividualCompanyOther Purchase Date* (?)Purchase date is a date range, not your actual date of purchase, this will work out if your property is affected by 9th of May 2017 change of legislation. —Please choose an option—pre 9 May 2017post 9 May 2017 Property New or Existing* (?)Is the property a new build (owner builder or contract builder), or was the property purchase as a second-hand property ie. not new.—Please choose an option—Brand NewExisting First Available for rent* (?)Did you made the property available for rent immediately after settlement, available means when the property was advertised for rent. ATO allows 6 months window to rent new build, full deduction will be available as long as no depreciation has been claimed. Please indicated if you lived in the property. —Please choose an option—ImmediatelyAfter lived in6mths After Build If Lived In Specify Date Rented Out(?)Complete this question if your property was purchased as main residence and later rented out, or if you rented the property out at some stage through ownership, your deduction will depend on date your property was available for rent. —Please choose an option—pre 1 July 2017post 1 July 2017 Approx Year Build* (?)This is a date range that will indicate if the property qualifies for depreciation, this is not the actual construction date. —Please choose an option—pre 1987post 1987 Is the property Renovated* (?)If the property was renovated, please pick the extend of renovation, ie. Renovated >$25,000 (any renovation under $25,000 for property build pre 1987 and purchased post 9th May 2017 is not worth QS valuation). Extensive renovation means complete rebuild (like new). —Please choose an option—Not RenovatedRenovatedExtensive RenovationRenovated Post PurchaseExtensive Renovation - Post Purchase "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. Δ “*” 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.