Tax Depreciation Schedules for Australian Property Investors

By Qualified Quantity Surveyor & Registered Tax Agent

Top 8 Benefits from a Tax Depreciation Schedule Revealed Below!

Tax Depreciation is a way to spread out the costs of things you own for your business or rental property, like buildings, furniture, or equipment, over time. Instead of deducting the full cost of an item in the year you buy it, you write off part of its value every year as it “wears out” or loses value.

A Tax Depreciation Schedule is a detailed report that shows how much you can claim in depreciation for your property each year. Owning a tax depreciation schedule is a smart way to maximize your investment property’s profitability.

Here are the Top 8 Benefits of Owning a Tax Depreciation Schedule:

“Turn Property Wear and Tear into Tax Savings!”

  • It ensures you claim every eligible depreciation deduction, including overlooked items like fixtures and fittings.

  • Meaning you pay less tax! By claiming depreciation and your taxable income decreases.

  • The cost of preparing a tax depreciation report is fully tax deductible!

  • You can keep more money in your pocket through tax savings and helps improve your overall cash flow.

  • It is a one -time purchase that remains valid for your property’s lifetime, with free updates as needed.

  • A schedule is tailored specifically to your property, considering its unique assets, construction type and age.

  • Both brand new and old properties can benefit, as even pre-owned properties may have depreciable assets.

  • Prepared by a qualified quantity surveyor who is also a registered Tax Agent with the Tax Practitioners Board.

Testimonials

  • "Celine respond instantly, work with remarkable efficiency, and keep me fully updated throughout the process. Their proactive communication and reliability make every transaction seamless. Highly recommended."

    Tony - WA, Real Estate Agent

  • "Excellent and detailed report, resulting in substantial savings. Professional service, highly reliable."

    Nick - VIC, Property Investor

  • "Celine delivered an outstanding service! Provided us with a report, saving me thousands. Professional, prompt, friendly - highly recommend to anyone seeking reliable tax depreciation service."

    Lauren - WA, Property Investor

  • "Incredible service from James and Celine - I was needing my report to be done quickly for my accountant. They offered to complete within 7 days. Truly impressed by the rapid, professional turnaround. Highly recommended!"

    Maria - VIC, Property Investor

  • "Sam was helpful and his attentive customer service was greatly appreciated. Thank you for clarifying our eligibility and you have made the entire process seamless."

    Jess - WA, Property Investor

“Discover Your Claim Potential!”

Here are 4 Simple Scenarios Showing Your Potential Tax Savings!

Scenario 1

Built Year 2005

Melbourne

Single Storey House

First Full Financial Year Depreciation = $4,600

Scenario 2

Built Year 2020

Melbourne

Double Storey Town House

First Full Financial Year Depreciation = $10,600

Scenario 3

Built Year 2010

Melbourne

Apartment, One Bedroom Unit

First Full Financial Year Depreciation = $5,200

Scenario 4

Built Year 2023

Melbourne

Apartment, Three Bedroom Unit

First Full Financial Year Depreciation = $13,500

    • Address of the property

    • Purchase Date

    • Construction details, including year built and cost of construction

    • Structural elements (eg, walls, roof, plumbing, electrical systems)

    • Fixed assets (eg, flooring, cabinetry, countertops)

    • Plant and equipment assets (eg, appliances, air conditioning, furniture)

    • Diminishing Value Method

    • Prime Cost Method

    • Division 40 (for plant and equipment items, outlining their effective life and depreciation rates.

    • Division 43 (for capital works deductions, covering structural and fixed assets).

  • A breakdown of estimated deductions for each financial year over the life of the property, typically up to 40 years.

  • Prepared in accordance with Australian Taxation Office (ATO) guidelines.

What is included in a Tax Depreciation Schedule?

Recent Case Studies

CASE STUDY

Read about the available deductions for a Newly Built Property

Total first year deductions $19,500.

CASE STUDY

Read about the available deductions for an Older Rental Property

Total first year deductions $14,500.

CASE STUDY

Read about the available deductions for a Modern Apartment with Common Areas

Total First Year Deductions $15,500.

CASE STUDY

Negative Gearing Property

Read about the benefits of a tax depreciation schedule for a negative gearing property.