Tax depreciation report cost
Our Residential Depreciation Packages
Our residential tax depreciation reports are priced at $695+GST — a premium service backed by expert Quantity Surveyors, ensuring maximum deductions and full ATO compliance.
We offer three options for residential tax depreciation based on your budget.
First, pick the one that fits your needs and then make a secure payment to confirm your order. Once payment is confirmed, we’ll start working on your report. Our team at Koste Quantity Surveyors takes care of each client’s report and delivers it back to you promptly, no matter your budget.
What is included in our packages?
- 40-year depreciation schedule
- Diminishing & Prime Cost methods
- Low value pooling & write-offs
- Common areas: previous owners & renovation works
- Fast report turnaround
- Qualified Quantity Surveyor Review / Approval
- Split ownership report
Platinum
$695+GST
One off payment
Our points of difference
Koste prepares each report carefully to ensure our clients maximise depreciation returns. In addition, our tax depreciation reports are not auto-generated. Most importantly, our quantity surveyors will always look to see where we can claim maximum deductions.
Our Quantity Surveyors prepare the reports based on the client’s unique circumstances with the best information available. Therefore, if you have been told there are no deductions by one of our competitors or your accountant, get in touch with Koste and challenge us!
What is included in your tax depreciation report
Our packages include
Detailed Report
You will receive a comprehensive 40-year schedule for both prime cost & diminishing value methods. Also, we utilise Low-Value Pooling and Immediate Write-offs
Maximum Deductions
We utilise the current ATO Tax legislation, which changes annually. This ensures our clients receive maximum benefit and returns.
Capital Works
Many properties will have undergone some cosmetic work. Therefore, our team will ensure this cost is calculated and included in your report.
Shared Assets
If you own a property with common areas, you will be entitled to claim a percentage of these assets based on your lot entitlement.
Free Updates
We update your schedule free of charge for additional works up to $10,000 per year.
Site Inspection
Where required, a qualified quantity surveyor will carry out a site inspection, either virtually or in person.
Furniture
Furniture is included with the Platinum package.
Scrapping
Remember, if you remove an asset or demolish, you can claim the remaining depreciable value upon disposal.
Hear From Our Clients
Frequently asked questions
What is a tax depreciation report?
A tax depreciation report, also called a tax depreciation schedule, is prepared by a qualified quantity surveyor. It lists the building and the plant and equipment items in an investment property and sets out depreciation deductions that may be available over the coming years. Your accountant decides what to claim.
How much does a tax depreciation report cost?
Our residential tax depreciation reports start from $695 + GST ($764.50 including GST). If the property has a granny flat or dual occupancy, add $100 + GST. We confirm the scope and any additional fees before you proceed.
How long does it take?
Reports are usually ready in about 5 business days.
What is included in the report?
A 40-year depreciation schedule, diminishing value and prime cost methods, low value pooling and write-offs, common areas, previous owners and renovation works, and a split ownership report where it applies. A qualified quantity surveyor reviews and approves each report.
Do you also prepare reports for commercial property or CGT cost base?
Yes. See our commercial tax depreciation page for commercial property, and our CGT cost base report, from $495 + GST, if renovation records are missing.
What is the difference between a depreciation report and a depreciation schedule?
The two terms are used for the same document. Our guide explains what is a tax depreciation schedule and who needs one.
