TAX PRACTITIONERS BOARD

REGISTERED TAX AGENT

 SJB Quantity Surveyors

PO Box 1065, Kingscliff, NSW 2487

Phone: 1300 488 375 Mobile: 0431 057 956

Tax Depreciation

What is Depreciation?

Depreciation is essentially the effective life of an asset and the amount it can reasonably be expected to decline in value over the time it is used. In other words it can be described as investment property tax deductions.

What is a Tax Depreciation Schedule?

A Tax Depreciation Schedule is a document that lists all of the items of plant, equipment and capital costs which depreciate over time for a particular property. Each depreciable item has its value calculated and its effective life determines the depreciation allowance available. Every item is tabulated and a total depreciation allowance per year is determined.

Why Should You Use a Tax Depreciation Schedule?

All property owners who obtain assessable income from their investment property are eligible to claim depreciation it's called investment property tax deductions. A Tax Depreciation Schedule allows you to claim all of the depreciable items for your property which, in return, reduces your taxable income and provides you with a greater return from your property investment. If you do not have a Tax Depreciation Schedule completed for your investment property, you are potentially missing out on thousands of dollars worth of legitimately claimable expenses available to you per year.

Why Use SJB Quantity Surveyors?

SJB Quantity Surveyors are specialists in the preparation of Tax Depreciation Schedules. We provide easy to understand, precise reports which are fully compliant with current ATO legislation to ensure all of our clients obtain the best possible depreciation entitlements for their investment property.

SJB Quantity Surveyors prepare tax depreciation schedules in Brisbane, Sydney, Melbourne, Adelaide, Gold Coast, Newcastle, Darwin and North Queensland.

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SJB GUARANTEE

We guarantee to save you twice our fee in the first full year or your schedule is FREE