Depreciation Schedule Perth
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Understanding Property Tax Depreciation: The Role of Quantity Surveyors in Perth, WA

Investing in real estate can be a positive investment decision, but managing the financial/tax aspects can often be complex. One of the key elements that investors in Perth, Western Australia, should understand is property tax depreciation. This is where quantity surveyors become valuable experts, offering their expertise to maximise tax deductions and enhance investment returns.

What is Property Tax Depreciation?

Property tax depreciation allows property investors to claim deductions on the wear and tear of their investment properties over time. This includes both the structure of the building and the plant and equipment items within it. The Australian Taxation Office (ATO) provides guidelines on how these deductions should be calculated, which can significantly reduce an investor's rental income.

The Role of Quantity Surveyors

Quantity Surveyors are professionals trained to estimate and manage construction costs. In the context of real estate investment, they specialise in preparing detailed depreciation schedules that outline the tax deductions available over the lifetime of taxable assets. Here’s how they can help:

  1. Accurate Assessment of Property Value: Quantity Surveyors are experts at assessing the construction value of the building and its fixtures. This includes identifying all depreciable assets within the property.

  2. Maximising Deductions: They ensure that all eligible items are included in the depreciation schedule, from structural components to fixtures like carpets and appliances. This comprehensive approach ensures that investors claim the maximum allowable deductions.

  3. Compliance with ATO Guidelines: The ATO has specific rules and regulations regarding depreciation claims. Quantity Surveyors are well-versed in these guidelines and ensure that all reports comply with the latest standards, reducing the risk of errors and potential audits. Quantity Surveyors are required to be registered with the Tax Practitioners Board to prepare tax depreciation schedules.

  4. Tailored Depreciation Schedules: Every property is unique, and quantity surveyors create customised depreciation schedules that reflect the specific characteristics and usage of each property. This tailored approach can result in higher tax savings.

Benefits of Using a Quantity Surveyor in Perth

  • Expert Knowledge: Quantity surveyors possess in-depth knowledge of construction and tax laws, which enables them to identify all possible deductions.
  • Cost-Effective: The fee for a depreciation schedule is often outweighed by the tax savings it generates, making it a cost-effective investment. Quantity Surveyors' fees are tax deductible.
  • Peace of Mind: Knowing that a professional has accurately prepared your depreciation schedule provides peace of mind and allows you to focus on other aspects of property management.

For property investors in Perth, WA, leveraging the expertise of quantity surveyors for tax depreciation can significantly enhance investment returns. By providing accurate assessments, maximizing deductions, and ensuring compliance with ATO guidelines, quantity surveyors play a crucial role in the financial success of real estate investments. If you own an investment property, consider consulting a reputable quantity surveyor to optimize your


BDSA Quantity Surveyors can help with all your quantity surveying needs. We can assist you in all construction valuation requirements, from the calculation of construction costs for investment properties to providing a full schedule of assets, quantity surveyors report or depreciation schedule for rental property. If you are a property developer we can prepare cost budgets and project manage your construction. Sinking Funds for body corporate or Insurance Valuation.

All investment properties, regardless of age will attract “Capital Works Deduction” if capital refurbishment works have been undertaken. All investment properties regardless of age will have depreciating assets*.

From 9th May 2017, the new budget decision disallows Div 40 for an older property, if you settled on an investment property on the 9th of May at 7.30pm you may be disqualified from claiming Div 40. This is exempt for new properties, commercial properties, residential property purchased within a company, large superfund but not self-manage funds and large unit trusts. A new property may be one where GST is included in the purchase price.
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Australia Wide Quantity Surveyors, providing service to the building industry, property investors - depreciation reports, banks, architects, owner builders, insurance valuation, sinking fund, court reports, NSW Council Reports Section 94a Development Contributions Plan.

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Phone: 1300 786 002
Fax: 1300 786 123
Brisbane: 0733332552
Sydney: 0282059698
Newcastle: 0249157169
Adelaide: 0872212398
Melbourne:0386829551
Perth: 0863635537



We provide Quantity Surveying Services, Quantity Surveyors Brisbane, Quantity Surveyors Melbourne, Quantity Surveyors Sydney, Quantity Surveyors Perth, Quantity Surveyors Adelaide. Property investors Depreciation Schedules Melbourne, Depreciation Service Sydney, Depreciation Service Brisbane. NSW Estimated Development Cost EDC report Section 94 Council Estimate.

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