Expert Melbourne Quantity Surveyors
Your trusted commercial and residential quantity surveyors in Melbourne
Quantity surveyors and depreciation specialists for Melbourne properties
Capital Claims Tax Depreciation has been servicing Melbourne and regional Victoria since 2008, and has completed thousands of depreciation schedules for both residential and commercial property owners.
We work closely with local accountants, developers and other property professionals to deliver for their clients professional, accurate and aggressive depreciation forecasting. The expertise and attention of our team ensure the maximum deductions for reporting for every property and returns to investors are maximised.
For more than a decade, Capital Claims has been supporting investors and tenants throughout Melbourne. Our commercial and residential quantity surveyors pride themselves on providing an intelligent and forward-thinking service that comprehensively addresses the needs of property-owners across Victoria.
Our service is backed by completing a free feasibility before we begin any tax depreciation report. If the numbers won’t stack in favour of the investor we won’t charge for any services.
Got a national portfolio? Work with the quantity surveyors with Australia-wide reach. With locations from Newcastle to Sydney to Perth, we make it easy to access support from knowledgeable, local experts. Call our team on 1300 922 220 to learn how we could assist you.
Office address: Level 39, 385 Bourke Street, MELBOURNE VIC 3000
Please note that our Melbourne office is not always staffed. Please contact us in advance to make an appointment.
Depreciation reports for commercial property & assets in Melbourne
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, its fittings, and plant and equipment assets. Our depreciation reports detail and calculate all entitlements.
Tax depreciation in Melbourne for cash smart residential property investors
We are experts at assessing and reporting on capital allowance and depreciation for residential properties across Melbourne. 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
AVERAGE FIRST YEAR DEDUCTIONS
HAPPY CUSTOMERS SINCE 2008
How much depreciation could you be claiming on your investment property?
Find out with a free, personalised estimate from our team
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.
*provided we have received all information requested
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!
What is a tax depreciation schedule?
A tax depreciation schedule is a document that outlines the projected decline in value of an asset, and the deductions that can be made against that decline in value. A property owner can make use of this schedule to account for the loss in value that they expect to see on the building itself, or the items of value within it, even when the overall property value may be appreciating (going up in value). Most properties will be eligible to claim depreciation, and it can be used to save thousands of dollars each year when it comes time to lodge your annual tax return.
Is it worth getting a depreciation schedule for an old house?
There are two broad categories of depreciation allowance that you can qualify for. Depreciation on the building itself, and depreciation on plant and equipment. Currently only homes built after September 1987 qualify for both, but even those in older homes can save a significant sum each year with an appeal to the second category. The methods of claim will vary based upon the settlement date of the property.
Plant and equipment encompass things like fixtures, fittings and electrical items within your home. So, it is very much possible to make a claim based on the drop in value calculated on these assets. We encourage you to get in touch to see how you might address this consideration.
How many years can you claim depreciation on a rental property in Australia?
According to the rationale that underpins tax deductions on depreciating assets, an asset will have a limited effective life before it’s deemed due for replacement. Currently, that effective life is considered to be 40 years for the structure of that property.
You can only claim on properties that were built within a qualifying period due to the legislation that was in force as at the time of construction. Currently you can still make claims on the structure of a property that was built after September of 1987.
Do I need a depreciation schedule every year?
The short answer is no. Rather than beginning the process fresh each financial year, you only need to develop a tax depreciation schedule for each property once. Though we do encourage you to get this process started as soon after your purchase as possible. As this will ensure that you can maximise the deductions you’re entitled to.
You may also need to update your tax depreciation schedule after you make any significant changes to your property. New capital works will have a full life effective life and can be depreciated from the date of construction so your schedule should be updated accordingly.
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 KulkarniPhoenix 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 KristoffersonArtisan Law / Director
“Very professional and turnaround time to get the reports have been fantastic - would recommend them to all our clients.”
Gay SpoonerKey Real Estate / Director
“Very friendly, personal service & efficient provision of reports. Definitely 5 stars.”
Maria EdwardsPeter 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 HunterDizzy 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’HehirRSM / 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 ZylWhite 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 SiderovskiSiDCOR 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 JacksonBerkmans Chartered Accountants / Director