Did You Know?
Our clients claim an average of $9,000 in depreciation deduction on residential property invesments.
Comprehensively seek out deductions
Detailed tax depreciation schedules
Guaranteed in finding savings
As a property invetor, you are probably already familiar with the substantial benefits of a tax depreciation schedule for you investment properties.
Not familiar with Tax Depredciation Schedules? I’ll quickly explain the benefits for you now: “A depreciation schedule is a report carefully prepared by a quantity Surveyor that will detail the value of your building, structure and fixtures over a period of time. The schedule is used at tax time when you complete your tax return TO REDUCE your taxable income and enhance your cash flow.
“Adepreciation schedule is a once off cost and will last for 40 years, allowing you to use theis schedule each financial year, where you will be able to maximise all of the benefits abailable to you under Australian taxation law.”
Ideally, you will order your Tax Depreciation Scheduke before the 30th of june so you can claim tax deduction for the past financial year and enjoy your maximized cash flow immediayley!
What is Include In your Schedule?
Capital Works
This includes the original cost of the property, extensions or renovations and structures.
Plant & Equipment
These are non permanent removable assets like appliances, carpets, and flooring.
Your Tax Depreciation schedue will summarise all of this information into one report identifying the value of each part of your property and how much it has depreciated. This report is then available to use at tax time to complete your claim.
Our Residential Package
SILVER
- Desktop Inspection & QS Review
- Guarantee $1,000+ In 1st Full Tax Year
- 40 year depreciation schedule
- Diminishing and Prime Cost methods
- Low Value Pooling & Immediate Writeoffs
- Common Areas
- Previous Owner & Renovation Works
- Get Report 1-3 Business Days
- QS Review / Approval
- Web Portal Access (Includes Free Updates)
- Split Ownership Report
GOLD
- Desktop Inspection & QS Review
- Guarantee $1,000+ In 1st Full Tax Year
- 40 year depreciation schedule
- Diminishing and Prime Cost methods
- Low Value Pooling & Immediate Writeoffs
- Common Areas
- Previous Owner & Renovation Works
- Get Report 1-3 Business Days
- QS Review / Approval
- Web Portal Access (Includes Free Updates)
- Split Ownership Report
PLATINUM
- Desktop Inspection & QS Review
- Guarantee $2,000+ In 1st Full Tax Year
- 40 year depreciation schedule
- Diminishing and Prime Cost methods
- Low Value Pooling & Immediate Writeoffs
- Common Areas
- Previous Owner & Renovation Works
- Get Report 1-3 Business Days
- QS Review / Approval
- Web Portal Access (Includes Free Updates)
- Split Ownership Report
How do you benefit from a Tax Depreciation Schedule?
As an investor, you can claim back between 40 to 100 percent of an item’s value. Over time items and properties wear down and decline in value and the Australian Tax Office allows property owners to claim this fall in value as a Tax Deduction. Your Tax Depreciation schedule will have all of this information listed in an easy format so your accountant can claim on your tax return. A Tax Depreciation Schedule can improve your cash flow by thousands of dollars and will reduce the amount of tax you have to pay on a property.
New to property investing?
If you haven’t realised the potential savings you can achieve from a Tax Depreciation Schedule and you have only just recently purchased your investment property, the ATO will allow you to adjust your tax return for up to 2 financial years.
Don’t delay!
Ideally you will want to have your schedule completed by the 30th of June. We do highly recommend you engage the services of a Quantity Surveyor sooner rather than later to avoid disappointment of missing out on making any claims for this current tax year!
Book in a call to receive a free tax depreciation estimate.
If you have recently purchased an investment property or even if you have been a long-time investor, give Koste a call to discuss how we can help you reduce your taxable income and improve your cash flow.
Book in a call to receive a free tax depreciation estimate.
If you have recently purchased an investment property or even if you have been a long-time investor, give Koste a call to discuss how we can help you reduce your taxable income and improve your cash flow.