Depreciation Schedules

80% of landlords don’t claim
correct depreciation deductions, if any!

(ABS results)

REPORTS COMPLETED WITHIN 72 HOURS OF SITE INSPECTION AND ALL INFORMATION RECEIVED

If you're a landlord, you want to maximise all tax deductable plant items and capital works allowances. It is critical you have a thorough survey of your investment property carried out.

We provide ATO compliant documents to ensure you receive the
maximum allowable depreciation for your investment properties.
For this we charge a one off fully tax deductable fee.

You will recieve two types of schedules, prime cost and diminishing which are for the lifetime of the building "40 years".

WHAT IS A TAX DEPRECIATION SCHEDULE?

It is a legal document produced by an ATO compliant quantity surveyor. It lists all property and plant investment items and a new "effective life" will be applied. From this your accountant can legitimately maximise your tax benefit on investment /rental property irrespective of its age. Correct! Income tax law allows you to claim depreciation on your investment property no matter how old it is.

WHY USE A QUANTITY SURVERYOR AND NOT MY ACCOUNTANT?

A professional ATO compliant quantity surveyor will ensure you maximise your investment property's depreciaton. You cannot be guaranteed that the maximum amount and number of items will be valued correctly without conducting a full site inspection. With a Property Maximisers ATO compliant depreciation schedule you are guaranteed to receive maximum gain for minimum outlay.

DIV. 43 CAPITAL WORKS ALLOWANCE

We assess all eligible building elements for the "capital works deduction and allowance" on your property. This allowance is eligible for all properties completed and/or renovations started and completed after 17th July 1985. Capital works building allowance depreciation is generally 2.5% for 40 years or, in some cases, 4% for 25 years from construction completion date. The rate depends on the start and construction completion date. Our quantity surveyors specialise in maximising capital works allowances.

DIV. 40 DEPRECIABLE PLANT

Regardless of the age of the property we will assess the 'plant and asset' items within the property and common areas, where applicable, with a 'new effective life' on the date of settlement. E.g. hot water units, kitchen appliances, blinds and curtains, carpets, floating timber floors, vinyl, air conditioning and heating, ceiling fans, furniture (packages or free-standing), garbage bins, radios, mirrors, rugs, linen, telephone handsets, television antennae, smoke detectors, pool equipment, and many other eligible items. These Plant and Asset items are depreciated at a much higher and faster rate than the Capital Works Allowance, thus maximising your tax entitlements in your report.

THE PROCESS AND REPORT

1. Complete the client information sheet and fax, post or email it to us.

2. Once you have returned this information to Property Maximisers along with your payment
we will arrange for a site inspection with your property manager.

3. A professional and comprehensive report will be provided to you in both methods of depreciation: the 'prime cost' method and the 'diminishing value' method.
The diminishing value method is the 'adopted and approved method
of accelerated depreciation'.

The minimum expected saving over the first four years is $6000, so the benefit is huge in comparison to the cost of the report.