Tax Depreciation Schedule

Tax Depreciation Schedule

A depreciation schedule that is prepared by SJB Quantity Surveyors will help to ensure that you are maximising your cash return from your investment property.

We provide our clients with two options:

  • A self-assessed tax depreciation schedule
  • An onsite assessment by one of our team.

What is in a Depreciation Schedule?

If you request a tax depreciation schedule, SJB Quantity Surveyors looks at your capital works allowance and your plant and equipment.

Capital works allowance:

This is a deduction that is available for the structural elements of a building, including all fixed and irremovable assets. These are commonly referred to as your building write-offs. Not all properties actually qualify for this allowance and there are different percentages you can claim. SJB Quantity Surveyors are experts in this field and will ensure you claim accurately and at the highest level that your building qualifies for.

Plant and Equipment:

This is a deduction available for all of your removable assets which are described by the ATO as assets which depreciate at a faster rate than the building. Each one of these plant and equipment items has an effective lifespan, and the depreciation on that item is calculated according to ATO requirements.

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PO Box 1065
NSW 2487

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