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Quantity surveyors have the combined skill set of estimating construction costs together with property tax law. For this reason, the Australian Taxation Office recognises that QSs are qualified to prepare tax depreciation schedules.
The services offered by a QS can vary based on their specialisation. At Washington Brown, we focus on preparing depreciation schedules for property investors.
A quantity surveyor is the go-to professional to help you claim the maximum depreciation deductions on your investment property. It is important to use an experienced company, who know the tips and tricks of the deprecation trade, that will maximise your claim.
As a profession recognised by the ATO to prepare depreciation reports, we strongly advise against DIY depreciation. Not only can you miss out on some deductions you should be claiming, but you also might be penalised by the ATO if you get it wrong.
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