Depreciation Schedules

Why do I need a Depreciation Schedule and how will it help me?

A depreciation schedule will be necessary to maximise your allowable tax deductions on any property that you own as an investment. When claiming depreciation on the building and fittings the ATO insists that you have a depreciation schedule prepared by a licensed Quantity Surveyor.

The purpose of the report is to provide an independent analysis of the Capital allowances available to the investor under division 40 and 43 of the ITAA 1997.

There are 2 different methods of calculating depreciation these are as follows:

    1. The Diminishing Value Method is where the claim is calculated as a percentage of its residual value after writing down it’s previous value, in short you can claim a larger amount initially but as the years pass the claimable amount diminishes.

    2. The Prime Cost Method is a fixed value calculated as a percentage of the items original value, there for your claim amount is less initially but does not reduce for the life of the item.

API helps investors with all areas of investing in property. We will arrange for our affiliate Licensed Quantity Surveyor to contact you shortly.

Our affiliate Quantity Surveyor will GUARANTEE their service and ensure you will get the maximum possible tax deduction from your depreciation.

Simply fill out your details and the subject property post code on the following form.

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