Tax Depreciation Schedules

Maximise your property tax deductions with our tax depreciation schedule

Our comprehensive depreciation reports ensure all deductions for capital allowance and depreciation are maximised and compliant.

What is a Tax Depreciation Schedule?

Depreciation is typically one of the largest tax deductions claimable by owners of an investment property. A tax depreciation schedule is a detailed report that shows the  deductions an investor can claim every year for depreciation of both the building and the property’s assets. Owners of both residential and commercial properties require a depreciation schedule to accurately claim their deductions.

Learn more about tax depreciation and depreciation schedules in this short video .

6 Facts Every Investor Should Know About Tax Depreciation

Want to learn more about depreciation schedules?

Scroll down to our FAQs at the bottom of this page.

Our expert service guarantees the best results

With our expert team of quantity surveyors you’ll have all the support you need to maximise your depreciation deductions and boost your cash flow. Service inclusions…

Property Research

We will conduct research on your property using information held online and in paid databases to ensure we have a complete history of the property, any relevant strata information, previous DA's etc.

Thorough inspection by a qualified assessor (on-site or online)

Your property will be thoroughly inspected by a qualified assessor to ensure all construction works and assets are recorded and reported upon.

Prime cost and diminishing value methods

Both methods of depreciation will be reported and graphed comparatively assisting you to select the method most suitable for your circumstances.

Missed deductions reported

Your schedule will start from your date of purchase, meaning if you have missed claiming depreciation in previous years you will have the information necessary to apply for a back-claim.

Split reporting

Your report will be split for multiple owners, meaning each owner receives their own completed report with their share of deductions calculated.

Maximum deductions for historical works

We will research and estimate historical construction works completed over time, by previous owners to ensure your deductions are maximised.

Order your depreciation schedule today!

3 Easy Steps, Save Thousands!

Step 1

Order your depreciation schedule

Chat with us on the phone or complete our simple quote request form. Once you accept our quote we can make start on your depreciation schedule straight away!

Step 2

We'll analyse and report your claimable depreciation

We'll arrange an inspection if required, conduct property searches, estimate construction costs, assign asset values and complete your report within 10 business days.

Step 3

Use our report annually to 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!

Why Choose Us

Number 1 for service, value and reliability

official badge from tax practitioners board denoting we are registered tax agents - essential for compliant provision of depreciation schedules

We are number 1 for customer service

Referral and word of mouth has grown our business, with our Google and Facebook reviewers continually rating our service as 5 star

Our quality reports are the best value in the industry

We're experienced, detailed and pride ourselves on reporting the maximum deductions available for every property.

You can rely long-term on our business and its team

Established in 2008, our team are nationally recognised as presenters and leaders at conferences, expos, seminars and in print. As registered tax agents, you can trust our team and service in the event of an ATO matter.

Case Studies

Depreciation Schedule Case Studies

Testimonials for our service and results

Clients love our premium service

FAQs - Everything you need to know about depreciation schedules

A rental property depreciation schedule is a report that clearly calculates and details the tax deductions a property investor can claim for the annual depreciation of their investment property (building and assets, not land).

Across the investment property community, a depreciation schedule can also be known as:

Capital Allowance and Tax Depreciation Schedule; or

Quantity Surveyors Report; or

Rental Property Depreciation Report

Investors who use an accountant will simply provide the tax depreciation schedule to their accountant so that the deductions can be applied in when completing their tax return.

For investors who complete their own tax return, “capital allowance” refers to Division 43 deductions, “plant and equipment” relates to Division 40 deductions. These deductions will be itemised in your depreciation schedule. Your schedule should detail the deductions claimable for each year. Each year you can only claim that years deductions. You will need to select between using the diminishing value or prime-cost method. Once selected and applied in one year you must use the same method each year. For detailed information you should access the ATO website.

Individuals can create their own depreciation schedules using known costs and ATO prescribed effective lives for depreciation rates, and by selecting the diminishing value or prime-cost method of depreciation. 

Only quantity surveyors are qualified to professionally estimate both construction costs and asset values for the purpose of depreciation. 

To ensure all construction costs (including renovations and extensions, even by previous owners) and all assets are depreciated accurately, and to maximum effect using additional methods like low-value pooling, we recommend engaging the services of a quantity surveyor.

Rental property depreciation schedules assist investors to claim the maximum tax deductions available for the annual depreciation of their investment property (referred to as capital allowance and depreciation by the ATO).  Annual deductions are typically in the thousands of dollars every year, for up to 40 years.

Specifically, a property depreciation schedule will:

  • ensure that your claims for capital allowance (Division 43) and plant and equipment assets (Division 40) are claimed in accordance with ATO legislation;
  • save you time and effort in trying to calculate these deductions for yourself;
  • save you money with your accountant, as they simply apply the results from the schedule;
  • ensure that your deductions are maximised to create the greatest cash flow result for your investment.

Depreciation schedules work by recording all of the deductions claimable for depreciation of a rental property over its effective life. Those reported deductions are then included in your reported deductions for tax purposes, in the same way you might deduct interest repayments and landlord insurance. The deductions reduce your taxable income and therefore reduce any residual tax payable to the ATO, or increase your tax return.

Quantity Surveyors are one of the few professions recognised by the ATO to estimate historical and current construction costs, as well value the included assets.  To purchase a depreciation schedule simply contact a quantity surveyor for a quote.

Once you select your provider, a rental depreciation schedule can usually be purchased quite simply over the phone or online.  Good quantity surveyors like Capital Claims Tax Depreciation will assess your property online first to ensure value for you, undertake all the necessary property searches, arrange the inspection via your property manager and tenant and complete a thorough inspection.  Inspections may not be necessary for brand new buildings where plans and inclusions are provided.

A quality depreciation schedule from a reputable quantity surveyor should last up to 40 years, depending on the remaining effective life of the property, or until major capital improvements are undertaken.

The cost of a depreciation schedule can range from a few hundred dollars to around $800 for a standard residential depreciation schedule.

Whilst there can be a substantial difference between the quality and results of a cheap depreciation schedule and a more expensive one, thankfully the difference in cost is minimal, especially when you consider the cost is 100% tax deductible.

A cheap report can cost a few hundred dollars, but will likely require you to inspect the property and provide a lot of information yourself.  This can be very inconvenient and expensive for many people, not to mention that most people are not sure what to look for.  These schedules are not likely to factor previous renovations and improvements or apply low cost and low value pooling for better results.

More expense reports are only a few hundred dollars more (up to $800 with some providers).  These schedules are far more convenient, and will generate a far better result for the investor.  A few hundred dollars extra up front can mean tens of thousands of dollars more deductions in the future.

We identify thousands of dollars of deductions in every property we assess. Most properties we assess report tens of thousands of dollars of deductions over their effective life. If you are unsure if a depreciation schedule is worthwhile for your property please call our team for a free chat and estimate.

  • Ensure your Quantity Surveyor is a registered Tax Agent – registered with the Tax Practitioners Board of Australia;
  • Use a specialist provider – not all quantity surveyors are also tax depreciation specialists.  A specialist knows not only construction costing but tax legislation as well;
  • Ensure your report includes the features listed above;
  • Check out your provider so you can feel more confident they will still be around in a few years in the case of an audit or lost schedule.

It is a great idea to request a sample report and ensure your report is easy to read and understand – or your accountant may have to re-work the results at your cost!

Capital Claims Tax Depreciation Schedule meets all of the above and more!  We also offer:

  • a free desk-top feasibility assessment of your property first;
  • free updates for installation of new assets;
  • .csv files for no extra charge;
  • split reports for multiple owners;
  • printed copies when requested for no extra charge.

We believe we represent the best quality and best value rental depreciation reports in the industry across Australia.

Accountants are not qualified to estimate construction costs, which encompass more than just materials and construction labour. For instance, they are not qualified to estimate the construction works and associated costs with previous works throughout the property’s lifespan. Our research indicates that accountants who do not utilise a professionally prepared tax depreciation schedule tend to be more conservative in their depreciation claims, resulting in potential deductions worth thousands of dollars being lost for the investor. To maximise your depreciation claim, it is recommended to have a depreciation schedule prepared by a qualified quantity surveyor.

Accountants love our depreciation schedules

Capital Claims’ 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.  – Paul Siderovski, SiDCOR 

As an Accountant I found Capital Claims professional, priced well and very efficient. Their depreciation reports are first class. My clients are also happy with the service and reports. – Michael O’Hehir RSM Bird Cameron

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 depreciation schedule prepared. – Warwick Jackson, Fox Group Chartered Accountants

We're Trusted

by some of Australia's biggest brands

Get a Free Quote for a Depreciation Report.

We’ll include an estimate of available deductions, and if we can’t guarantee a strong result, we’ll let you know up front and there will be no cost to you.