Does it matter how old the building is?
No. All properties regardless of age are eligible for depreciation of some sort. If your property was constructed prior to 18th July 1985 you cannot claim capital allowances but you may be eligible to claim the depreciation of any renovations or upgrades completed after 26th February 1992.
Is the fee for a Tax Depreciation Schedule tax deductible?
Yes. Our fee for providing a Tax Depreciation Schedule is fully tax deductible and we will provide you with a tax invoice for your accounting purposes.
How long will it take to prepare the schedule?
We endeavour to prepare the schedule within 2-3 weeks. This time depends on how long it takes to gain access to the property to complete the inspection. In the majority of cases, we complete the schedules much faster than this.
Can my Accountant prepare a Tax Depreciation Schedule?
No. The ATO provides that only a qualified professional quantity surveyor is eligible to provide accurate costings for the preparation of Tax Depreciation Schedules.