Property Depreciation Schedules

Maximise your tax depreciation with our all-inclusive Property Depreciation Schedule

 

Do you own an investment/rental property in Melbourne?

 

Did you know that while the overall price of a house may increase, the value of the building, fixtures and fittings within the property will decrease in value over time due to wear and tear, also known as depreciation?

 

Under current Australian Taxation rules, property owners generally qualify to claim the decrease in property value as capital allowances or taxable deductions every year against assessable taxable income.

 

Claim every deduction that is legally available to you and reduce your taxable income as much as you can. Don’t pay a dollar more than you need to pay.

 

To accurately and compliantly claim deductions against your taxable income as an investment property owner, you need to have a detailed property depreciation schedule each income tax year that is ATO compliant and will not cause you any stress in the event of a tax audit.

 

How long does a property depreciation schedule take to prepare?

 

Preparing a standard property depreciation schedule in Melbourne typically takes 2-3 weeks to prepare while we will probably deliver it quicker than that it’s an excellent guide to work with.

 

The critical time factor is access to your investment property and the most common reason for delays is tenant availability.

 

Have any questions?

 

For more information or to book a Property Depreciation Schedule, call us on 0431 223 207 or BOOK ONLINE.