We provide a thorough depreciation report re-usable each year at tax time, that will stand up to even the most rigorous ATO audit.
Claimable construction costs which are still at the beginning of their effective life.
Claim depreciation on both the building and all of the included assets in their investment property.
Fantastic deductions available for investor owners due to the 40 year effective life of construction.
This may include improvements and additional works and assets added over time.
A key consideration with established properties is the timing of the purchase.
Claims on depreciation of the second-hand assets acquired at purchase may be possible.
Residential investment properties can generate substantial tax deductions for investors. Some of the largest deductions are for capital allowance and depreciation. The ATO allows property investors to claim tax deductions on their residential and commercial investment properties by using a tax depreciation schedule.
Unlike other deductions where you must have incurred an expense during the year, with a tax depreciation schedule you can make deductions for capital allowance and depreciation on your property, over the life of the asset.
We’ll arrange an inspection if required, conduct property searches, estimate construction costs, assign asset values and complete your report within 10 business days.
Simply take your report along to your accountant, or have us deliver it directly, and start improving your cash flow straight away!
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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.
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.
Older properties can still generate some fantastic deductions for investor owners due to the 40 year effective life of construction, improvements and additional works and assets added over time. Even where the timing or costs of works are unknown, a quantity surveyor can professionally estimate dates and costs for the purpose of depreciation. See some case studies below.
The key difference for established properties is the timing of when they can claim depreciation for the second-hand assets acquired with the property (assets such as air conditioners, hot water systems, carpet, blinds etc).