Residential Tax Depreciation
Commercial Tax Depreciation
Tax Depreciation Projects
What is Tax Depreciation?
Over time, the structure of your building and its contents naturally wear out. Tax depreciation allows you to claim deductions for this inevitable wear and tear, reducing your taxable income. Whether it’s a residential or commercial property, expert tax depreciation services can help you save money.
The Australian Taxation Office allows owners to deduct this expense, unlike other types where you need to outlay money in order to make that claim. Learn how to maximise these benefits and save more on your taxes.
Want to learn about Tax depreciation? Visit our Knowledge Hub
Why Tax Depreciation Matters
Boost Your Cash Flow
Deductions from investment properties reduce taxable income, lowering tax payments. It’s better in your pocket to reinvest this extra money into the property or other investments, enhancing cash flow and overall returns.
Reduce Taxable Income
Using a depreciation plan can help both residential and commercial investors, as well as business owners, save money on taxes by reducing their taxable income by the amount specified in the depreciation schedule.
Enhance Property Investment ROI
Identifying depreciation deductions boosts your ROI by reducing taxable income. This lowers tax liabilities, freeing up funds for property improvements or acquisitions, and enhances cash flow and profitability for property investors.
Who can claim Tax Depreciation?
If you own an investment property, whether residential or commercial, or are a business owner with assets, you can claim tax depreciation deductions. These valuable deductions apply to most assets, new or old, helping you maximise your tax savings and improve your financial returns.
How to claim Tax Depreciation
Maximise your tax savings by engaging a quantity surveyor to handle your tax depreciation. These experts specialise in valuing construction projects to identify all possible deductions.
Koste Chartered Quantity Surveyors will provide you with a detailed report on the depreciation rates for your property and when to claim them. Simply share this report with your accountant to include in your tax return and enjoy the benefits of lower taxes and improved cash flow.
Get a Quote
Requesting a quote will allow you to learn how much your depreciation schedule will cost.
Asset Information
With your provided asset information we’ll set up an appointment with your property manager to conduct a thorough inspection of your assets.
Claim your Tax Deduction
Once your tax depreciation schedule is finished, we will forward it to you right away and to your appointed accountant.
Tax Depreciation
Schedules
Not familiar with Tax Depreciation Schedules? Let us explain the benefits.
A depreciation schedule is a detailed report prepared by a qualified Quantity Surveyor. It’s important to engage an expert in tax depreciation with professional qualifications to ensure accuracy and compliance. This schedule outlines the value of your building, structure, and fixtures over time, helping to reduce your taxable income and boost your cash flow. Order your Tax Depreciation Schedule before 30th June to claim deductions for the past financial year and enjoy maximised cash flow immediately!
Why Get A Tax Depreciation Schedule?
- Maximise Tax Deductions
Maximise deductions and pay less tax when you get a tax depreciation schedule from our chartered quantity surveyors. - Lasts the Property Lifetime
Because a tax depreciation schedule covers the whole life of an asset, it must be done correctly right from the start. - Claim Missed Cash Returns
Your depreciation schedule can be used to adjust past tax returns and claim funds incorrectly deducted.
Maximise Tax
Savings
Call a Quantity Surveyor at 1300 669 400 to estimate tax depreciation benefits.