- Quantity Surveyor Report
Quantity Surveyor (or Tax Depreciation) Report
Quantity surveyor reports are usually another term for tax depreciation schedules. These reports are one of the ways an investor can maximise their tax return.
A depreciation schedule saves property investors money, by allowing them to claim deductions on the depreciation of their investment property.
Quantity surveyors have been recognised by the ATO as the experts in preparing tax depreciation reports and tax depreciation schedules.
According to the ATO, a quantity surveyor is required to prepare your depreciation schedule where the construction costs are unknown.
Quantity surveyors will estimate the original construction cost of your investment property, as well as identify and value any renovations and Plant & Equipment assets.
Essentially, you can claim depreciation on your investment property just like you can claim the wear and tear of a car. The great news is, you don’t need to incur any additional expenses to claim this deduction each year. In this way, it is known as a ‘non-cash’ deduction.
How much will a Quantity Surveyor Depreciation Schedule cost?
Prices for the Quantity Surveyor schedule vary but range from $385 to $770 depending on location and whether the property needs to be inspected or not.
Get a free, online quote today. One of our Depreciation Specialists will take a look at your property and work out the best depreciation plan for you.
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Quantity Surveyor Report Articles:
Tax depreciation is one way a business can maximise its returns. Once utilised, it becomes a tool for success, but few know how to take advantage of it. In this pub and hotel depreciation guide, you’ll learn what you need to ensure you maximise Australian tax laws. What is a Pub or Hotel Depreciation Schedule? […]
THE NUMBERS are in. There’s no denying it. It’s now a fact that not every property needs a depreciation schedule inspection for the maximum tax deductions to be claimed. The truth is that the majority don’t need a physical inspection, saving you time and money. We’ve been saying this for a long time, but you […]
Request a quote today to find out if you can achieve the maximum depreciation deductions without the need for a property inspection. Request A Quote 1300 990 612 The COVID-19 pandemic has forced many businesses to reflect on “industry norms” and the way they operate. We are no exception. At Washington Brown we believe […]
Since our beginning, well over 40 years ago now, Washington Brown has always placed as much importance on achieving the maximum ATO-Compliant deductions for our clients as we have on ensuring the highest levels of Customer Service and Satisfaction. With these aspects being at the core of the business’ values, we are understandably both proud […]
First home buyers seem to be a popular topic of discussion in Australia. They’re either getting a lot of government incentives and grants on the one hand, or they are finding it tough to get into the property market due to rising house prices on the other. Over the years I’ve been invited to talk […]
An investment property tax deductions calculator won’t always show you everything you can claim. Many leave out the assets that go into a typical depreciation schedule. Here are the things that your tax depreciation schedule must contain. When it comes to tax, there’s one question you must ask about your investment property: what can I […]
Property depreciation is one of the largest tax deductions for homeowners in Australia. But did you know that you can backdate your property’s depreciation? Doing so could save you thousands of dollars every year. As an investor, you need to take advantage of all the tax deductions Australia has to offer. Property depreciation deductions allow […]
Many see granny flats as an easy rental property investment. For beginners, they offer the opportunity to start investing, without spending too much money. As with any investment property, you must remember to claim for the depreciation of your assets. Tons of people like the idea of buying an investment property. Australia offers plenty of […]
You have a choice to make when investing in real estate. Commercial properties may be more difficult to manage than residential homes. However, there are plenty of reasons why you should invest in commercial property. So, you’ve decided to invest in real estate. Commercial properties may not seem like the best choice. They come with […]
Make Sure You Claim All Depreciation on Your Commercial Real Estate If you’re thinking about buying commercial real estate in Melbourne, you need to prepare yourself. Many people fail to claim the commercial tax deductions in Australia that are due to them. This results in thousands of lost dollars. You can claim for all sorts […]