Quantity surveyors
who are depreciation specialists
help investors to maximise the cash return on their investment property
A Quantity Surveyor is one of a team of advisers to the construction industry. As advisers they estimate and monitor construction costs, from the feasibility stage of a project through to the completion of the construction period.
How a quantity surveyor helps property investors to maximise the cash return on their investment property
Quantity surveyors who are depreciation specialists assess, calculate and report the tax deductions a property investor can claim annually for the depreciation of their investment property.
A depreciation schedule prepared by a quantity surveyor is key to ensuring you maximise the tax deductions available for your building works write off, as well as depreciation of all assets included in the property.
It is important to note that accountants are not recognised by the ATO as qualified to estimate construction costs or value assets for the purpose of claiming depreciation.
Selecting the right quantity surveyor
Ensure your Quantity Surveyor is registered
Your quantity surveyor must be a registered tax agent with the Tax Practitioners Board (TPB). The TPB is the national body responsible for the registration and regulation of tax agents ensuring compliance with the Tax Agents Services Act 2009 (TASA).
Your quantity surveyor should be a members of Australian Institute of Quantity Surveyors (AIQS) – An industry membership with the (AIQS) assists quantity surveyors to maintain compliance with industry regulations and Australian Standards.
Capital Claims Tax Depreciation are both registered with the Tax Practitioners Board and are active members of the Australian Institute of Quantity Surveyors.
Engage a Quantity Surveyor that is a depreciation specialist
Not all quantity surveyors specialise in depreciation. Specialist quantity surveyors not only know how to cost construction and assets, but also know how to apply the relevant ATO legislation to enable maximum deductions and ensure the depreciation schedule is ATO compliant. This is why it is important that your quantity surveyor is also a registered tax agent.
Choose a Quantity Surveyor that makes the process easy for you
Arranging a depreciation schedule should be a simple and convenient process for everyone involved.
A budget or DIY process will take hours and won’t go close to ensuring maximum deductions and cash returns.
We pride ourselves on our customer service, and keeping the process as easy and efficient as possible, with minimal disruption to our clients and their tenants. Check out our testimonials and reviews online.
Quantity Surveyor Services Australia-wide
We are pleased to provide expert quantity surveying services Australia-wide.
If you’re investment property is in Sydney, Brisbane, Canberra, Melbourne, Adelaide, Perth, Darwin, Hobart, Gold Coast, Newcastle, Orange, Tamworth or surrounding regional areas, our team ready to assist you with a professional depreciation schedule today.
What is Tax Depreciation and how does it work for investors ?
Depreciation is one of the largest tax deductions available to owners of investment property.
We help commercial and residential investment property owners claim thousands of dollars in tax depreciation deductions from their investment property!
Learn moreHow much depreciation could I claim on my investment property?
Deductions vary in accordance with the property type, age and the works completed on the property over time.
With a few brief details we can conduct a free desktop estimate of deductions specifically for your property.
Worried there aren't enough deductions in your property to make it worthwhile?
We will always advise if we don't believe a depreciation schedule will be worthwhile for you.
Ours is the best guarantee in the industry!
Myth Busted!
Old properties aren't worth a depreciation schedule
Time and time again, we hear of investors who have missed out on tens of thousands of dollars in legitimate tax depreciation deductions because they believed their properties were too old to be eligible. The myth of old properties not being worth a tax depreciation reports is busted day after day by leading tax depreciation specialists.
Myth Busted!
All depreciation reports are the same
Not all tax depreciation schedules are equal. Whilst the ATO prescribes standard rates for effective lives of construction and plant and equipment items, the varied methodologies used by depreciation service providers can result in thousands of dollars of difference in the final schedule outcome. A quality depreciation schedule improves the cash-flow position of a property, sometimes substantially, and can impact on the overall investment strategy adopted by investors.
Myth Busted!
Accountants can take care of depreciation
Accountants are not qualified to estimate construction costs, which includes more than just materials and construction labour.
For example, accountants are not qualified to estimate construction works and associated costs of previous works over the life of the property.