TAX DEPRECIATION REPORTS

Property investment owners are entitled to capital write down on their investment property according to relevant ATO tax legislation. Investment properties have two main components which are depreciable:
Fixtures and Fittings AND Construction Costs

PROPERTY DEPRECIATION REPORTS FROM $385*

Competitive Prices, fast turnaround, accurate depreciation schedule. All prices GST inclusive (lower price condition applies)

BDSA Quantity Surveyors TAX DEPRECIATION SCHEDULE Allow you to Optimise using either Prime Cost, Diminishing Value & Low Value Pool

Quantity Surveyors Sydney

Tax Depreciation for Investment Properties

Property investment owners are entitled to capital write down on their investment property according to relevant ATO tax legislation. Investment properties have two main components which are depreciable:

1. FIXTURE AND FITTING

Assets decline in value Div 40
All properties are eligible for depreciation of fixtures and fittings due to declining value of these assets regardless of the age of the building* (from 9th of May 2017 older properties may not be eligible for Div 40)

2. CONSTRUCTION COST

Capital Works deduction Div 43 Properties constructed after 17 July1985 (residential); and 20 July 1982 (non-residential) Are eligible for depreciation of the construction costs.

Quantity Surveyors Brisbane

Construction Allowance Under
DIV 43

Items Depreciable @ 4%* or 2.5%* for residential properties include. Building Structure and Footings

Plumbing and Drainage

Electrical work including Switch Boards
Ceramic Floor Tiles
Internal and External Windows and Doors
Built in kitchen Cupboards
Bathroom and Sanitary Fixtures
Concrete Swimming Pools and fixed Spas
Concrete driveway or Paving
Permanent Garden Sheds
. Fencing and Gates
Builder’s establishment costs
Architects and Consultants fees
. Additions or extensions
. Refurbishment to internal structure
e.g. new bathroom or new kitchen

Quantity Surveyors Melbourne

Fixtures and Fittings Depreciable DIV 40

Fixtures and Fittings Depreciable at various rates according to ATO effective life.

Air-conditioners – split and wall units
Blinds and Curtains e.g. Venetian
Carpet, vinyl and floating timber flooring
Ceiling Fans
Dishwashers
Furniture e.g. beds, lounges, chairs, tables etc.
Hot water System
Intercom Panels
Light fittings (excluding hardwired)
Range Hoods
Roller Door Motors
Refrigerators
Stoves, cook tops and ovens
Security System Panels
Swimming Pool Pumps and Chlorination Systems T V Aerials amplifiers and Modulators. Washing Machines
SEE ATO RENTAL GUIDE
Older Property acquired after 9th May 2017 revaluation of DIV 40 will not be allowed effective from 1/7/2017. Exempt: new property, company owned and large Unit Trusts.

Marketing and Indicative Tax Depreciation Schedules

BDSA Quantity Surveyors provide Specific Depreciation schedules for Developers and Property Managers aimed at enhancing the marketing potential of any development.

These Schedules provide a summarised forecast of estimated Tax Depreciation entitlements that prospective investors would achieve.

Marketing reports make investors aware of how they can maximise their returns via effective property investment.



Expert Tax Depreciation Reports

BDSA TAX SCHEDULE ADVANTAGE!

Latest Rulings Applied
Comprehensive and Easy Translation for Individuals, Accountants and Tax Agents
Prepared according to AIQS Property Depreciation Handbook
Includes ALL Items allowable under ATO Rulings
Detailed Property Inspection Undertaken*
Construction Costs Estimated by Qualified Quantity Surveyors

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