Tax Depreciation Schedule

If you own an Investment Property, you are eligible Under Division 40 & 43 of the Income Tax Assessment Act to claim depreciation on all Items of Plant contained within the property and secondly, if constructed after 1985, an allowance of either 2.5% or 4% is applicable on the construction cost, depending on its start date. A tax depreciation schedule is required to maximise the depreciation claims available and to substantiate these claims in a tax return. It’s what will help your bottom line come tax time.

At HOUSE Building & Pest Inspections we work with partnered quantity surveyors for reporting and help you claim on the building’s structure and items considered permanently fixed to the property. Depreciation can be claimed on the plant and equipment assets contained within it such as furniture, fittings and electrical appliances. When choosing HOUSE Building & Pest Inspections, you are getting the knowledge of a building inspector partnered with a quantity surveyor, so you know you’re in good hands.