Tax Depreciation Schedules

The key to unlocking cash from your investment property

Maximise your property tax deductions with a depreciation schedule

A Tax Depreciation Schedule is sometimes also known as a Capital Allowance and Tax Depreciation Schedule, a Quantity Surveyors Report (QS Report) or Rental Property Depreciation Report. 

It is a document typically prepared by a professional Quantity Surveyor.

A tax depreciation schedule will outline the deductions claimable for the Division 40 (Plant and Equipment) and Division 43 (Building Write-Off) deductions available to you for the depreciation of your investment property.  You use this schedule each year when completing your tax return.

It is important that these deductions for depreciation are correctly assessed and estimated to ensure ATO compliance in case of an audit, and to maximise the benefits available to you. They’re also not just for property owners – commercial tenants can claim rental depreciation on fit-out costs, providing them with a boost at tax time. Due to recent changes in legislation we have replaced our online property depreciation calculator with free professional estimates specific to your property address. To get a free, personalised estimate of the deductions you could be claiming send us your details here, or contact Capital Claims today on 1300 922 220.

What does a tax depreciation schedule include?

Not all property depreciation schedules are the same, and quality providers will have more report inclusions and details to assist you and your accountant to apply the most effective methods of depreciation for your circumstances.

A Capital Claims Tax Depreciation Schedule has all of the inclusions that help you to maximise your deductions such as: 

  • Individually itemised asset values
  • Identification and separation of staged capital works and improvements
  • 40 years of forecasted deductions
  • Reporting of both diminishing value and prime-cost methods of depreciation, as well as graphing of the results for easy comparison
  • Pooling of low-cost and low-value assets to speed up depreciation claims in the earlier years
  • Inclusion of immediate write-off assets
  • Scrapping/disposal of assets where applicable
  • Itemised depreciation of Division 40 assets for application against CGT at sale
registered quantity surveyor

Depreciation is claimable for both commercial and residential investment properties

DEPRECIATION FOR COMMERCIAL PROPERTY & ASSETS

Whether you own or lease a commercial building you could be entitled to some substantial tax deductions for the capital allowance and depreciation of your building, it’s fittings and plant and equipment assets.

TAX DEPRECIATION SCHEDULES FOR CASH SMART RESIDENTIAL PROPERTY INVESTORS

We are experts at assessing and reporting on capital allowance and depreciation for residential properties. Brand new or established, unit, apartment or house, permanent or holiday rental, we know how to identify and report for the maximum tax deductions available to you.

You can count on us for the best results

TOTAL VALUE OF DEDUCTIONS ASSESSED

$ 0 B+

AVERAGE FIRST YEAR DEDUCTIONS

$ 0 K+

HAPPY CUSTOMERS SINCE 2008

0 K+

Thousands of happy investors recommend our depreciation services every year!

  • I have worked with Capital Claims over the last few years and have at all times found them to be the ultimate professionals. The quality of the reports produced and the speed of service is second to none. I continue to work with his organisation because they offer excellent value for money and exceptional customer service. I would highly recommend anyone considering the preparation of a depreciation report to get in touch with Capital Claims. Salena Kulkarni

    Salena Kulkarni
    Phoenix Wealth Group / Principal
  • Capital Claims in Canberra made obtaining a tax depreciation schedule effortless. I did not need to organise anything, and the report was excellent value. I wish I had known earlier what they could do for my investment property!

    Kellin Kristofferson
    Artisan Law / Director
  • Very professional and turnaround time to get the reports have been fantastic - would recommend them to all our clients.

    Gay Spooner
    Key Real Estate / Director
  • Very friendly, personal service & efficient provision of reports. Definitely 5 stars.

    Maria Edwards
    Peter Blackshaw Woden and Weston Creek / Leasing and Business Development Manager
  • I have used Capital Claims Tax Depreciation for 2 of my properties. One located in Queanbeyan and the other down the coast. CCTP were able to accommodate both locations. Sean and the team were particularly helpful with our elderly resident at our coastal property showing plenty of patience. The reports were professional,thorough and easy to follow and well worth the cost. If you have an investment property - you need CCTD to keep you up to date.

    Brian Hunter
    Dizzy Office Furniture Dexion Canberra / Director
  • As an Accountant I found Capital Claims professional, priced well and very efficient. There reports are first class. My client was also happy with the service and report. Michael O'Hehir RSM

    Michael O’Hehir
    RSM / Principal
  • White Rhino Property is extremely happy with the continued service that Capital Claims provides us and our clients. We never hesitate to recommend them, as we find Capital Claims to be professional, knowledgeable and efficient. Chelsea van Zyl

    Chelsea van Zyl
    White Rhino Property / Director of Property Management
  • Here at Sidcor; we have had the pleasure of developing a great working relationship with Mark and the team at Capital Claims, they believe in providing a premium service that benefits both ourselves and our clients. Their knowledge and applied experience has assisted many of our clients improve their after tax position. Whilst we have found the Capital Claims team to have a detailed approach to preparing depreciation reports; we have also found their ability to look at the whole picture allows us to assist our clients with their property portfolios and wealth creation. We have always found their strong focus on delivering upon their promises a valuable asset that aligns seamlessly with our own philosophy of delivering impeccable customer service. As a partner in business, Capital Claims adds an extra dimension to our professional services and as such we can confidently recommend their services to professionals and property investors alike.

    Paul Siderovski
    SiDCOR Chartered Accountants / Director
  • Mark and the team have outstanding customer service standards and are very responsive on all matters. Importantly, the Capital Claims team have been able to deliver great results for our clients, which makes us look good. We have had numerous occasions where the expertise from Mark and the team has delivered thousands of dollars worth of tax refunds on properties for clients whom had previously been advised there was no point in having a schedule prepared.

    Warwick Jackson
    Berkmans Chartered Accountants / Director

3 simple steps to save you thousands

Order your depreciation schedule

We need some basic information to get started, such as your property address and contact details to arrange access (if necessary). Complete our simple form, or provide some details over the phone and we can make a start on your depreciation schedule today!

We do the work

Our expert team will arrange inspection (if necessary), conduct relevant property searches, estimate construction costs, assign asset values and effective lives, forecast claims over 40 years and deliver your report in a user-friendly format within 10 days* of inspection. 

Claim your deductions

Simply take your report along to your accountant, or have us deliver it directly, and start improving your cash flow straight away!

How much depreciation could you be claiming on your investment property?

Find out with a free, personalised estimate from our team