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Claim The Maximum Depreciation On Your Commercial Property

Speak with Australia’s multi-award-winning Commercial Property Depreciation Experts, Washington Brown, and maximise the deductions you can claim on a commercial property today.

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Maximise Your Profits Through Property Depreciation Claims

Depreciation is one of the best ways to maximise deductions from your commercial property investment so that you can save more over the long term.

By taking advantage of millions of dollars in depreciation on offer, you can significantly reduce your taxable income and maximise your profits and cash flow. But doing it yourself can be foolhardy, putting you at risk of audits or missed claims. Fortunately, we’re here to help!

Getting started is as simple as reaching out to Washington Brown! With our extensive knowledge of commercial property depreciation and guidance, we can ensure that you’re receiving the full claim amount you deserve. 

Maximise your claims by calling us at 1300 990 612 today!


What Are The Rules For Claiming Depreciation On Commercial Property?

Real estate owners might be familiar with the changes made to depreciation rules in 2017, making it so that residential property owners could only make depreciation deductions if they were related to plant and equipment items on new properties. 

The good news? While these changes have been implemented for residential real estate, commercial property depreciation rules for owners of various commercial buildings or suites have not changed. 

This allows you to file claims for capital allowances (construction costs related to the building) and for plant and equipment assets (items found within the building).

As long as you have a building experiencing property depreciation, you’re ready to file these commercial property depreciation claims when you file taxes.


Maximising Your Claims With Washington Brown

The mistake that many commercial property owners will make is trying to conduct their own property depreciation audit. Without the proper support, you can end up missing out on thousands of dollars that you would have otherwise been able to claim. 

Additionally, misreporting can result in an ATO audit that could have been avoided. Fortunately, Washington Brown is dedicated to making sure that you’re able to maximise your depreciation claims safely and effectively. 

At Washington Brown Depreciation, we are experts in property tax depreciation. Our specialist commercial property depreciation team offers you greater savings by leveraging their extensive commercial property experience to find claims on your property. 

Where necessary, we inspect your property to ensure it meets the necessary ATO requirements (as per the Australian Institute of Quantity Surveyors Code of Practice), document and photograph all evidence of depreciation to keep you protected in the event of an audit, and handle your claims calculation for you. 

Contact us today if you’re ready to file your claim!


How It Works

Getting Started With Washington Brown

Step 1: Contact Us

When you’re ready to maximise your tax savings on your property, contact us. Where necessary, we’ll conduct a property inspection or review your project documents, to ensure that your real estate deductions meet ATO requirements.

Step 2: Let Us Find Opportunities to Claim

We go through the process of analysing your property, finding deductions, and documenting all claims so that you can rest assured that you’re getting the savings that you’re able to claim from your property.

Step 3: Save Money!

Whether you’re a property real estate owner or tenant, Washington Brown is dedicated to helping you save money. Just reach out to us, let us find your claims, and save! It really is that easy. 


Commercial Property Case Studies

See What We’ve Accomplished For Other Commercial Property Owners

Project: Commercial Building

Location
Liverpool, NSW
Washington Brown’s Role
Tax Depreciation Report
Eligible Capital Expenditure Deductions
$24 million +
Project Overview
The building was constructed in the late 1980s and would have been considered the highest quality back in its time. Currently, one tenant is leasing the whole 2dd,000 m2 of space that is made up of 11 levels of office and 4 levels of basement parking.

Project: Commercial Building

Location
Gordon, NSW
Washington Brown’s Role
Tax Depreciation Report
Eligible Capital Expenditure Deductions
$11 million +
Project Overview
The building was constructed in the late 1980s and would have been considered the highest quality back in its time. Currently, one tenant is leasing the whole 2dd,000 m2 of space that is made up of 11 levels of office and 4 levels of basement parking.

Project: Centrelink

Location
Bendigo, VIC
Washington Brown’s Role
Tax Depreciation Report
Eligible Capital Expenditure Deductions
$2.9 million +
Project Overview
The building was constructed in the mid-1990s. The 2500m2 of office is low lying and aesthetically in line with the other buildings in the area.

Project: Zhen

Location
Bella Vista, NSW
Washington Brown’s Role
  1. Tax Depreciation Marketing Schedules
  2. Tax Depreciation Reports
  3. Financial Auditing during construction
Eligible Capital Expenditure Deductions
Average $260,000 per lot
Project Overview
High-quality commercial buildings constructed in 2005, housing over 70 individual offices.

Frequently Asked Questions

Learn How Washington Brown Can Help You

What Is Depreciation?

Property depreciation occurs when an asset loses value over time due to physical deterioration.

According to Australian tax law, individuals who own commercial real estate used for income-producing purposes or who are a tenant renting commercial real estate property are entitled to claim the depreciation of that property against your taxable income.

There are two types of depreciation allowances available for commercial properties:

With both the building itself and the items outside of it experiencing damage over time, you can make claims on both types of items to reduce your taxable income and maximise your profits. 

What Am I Allowed To Claim As A Commercial Property Owner Or Tenant? 

The date on which your commercial property was built (1982 to present) will ultimately determine the commercial property depreciation claim rates that you will be able to take advantage of when filing your taxes. 

Here at Washington Brown, we calculate these rates once we do a full inspection or review of your property documentation, and begin seeking out commercial property depreciation claims. In regards to plant and equipment claims, we maximise your savings by documenting and claiming every possible item that we can claim!

Why Should You Claim Depreciation As a Property Owner? 

Real estate, like anything, loses value over time as it begins to experience regular wear-and-tear. If you fail to report this gradual damage, you end up paying more than you should. 

It’s important to maximise your commercial property depreciation deductions because it could save you millions of dollars on property that you own or rent. 

Not only is it common sense, but it’s good business to maximise your deductions and, in turn, your profits. Many owners miss out on the savings that can be made through depreciation – don’t be one of the statistics!

How Much Can I Claim In Depreciation Deductions? 

Having a depreciation schedule for commercial real estate property will enable most owners to claim millions in depreciation. However, many factors will play a role in how much you’re able to deduct, including the size, age, and value of the asset. 

For example, let’s imagine that you have a 10-level office building that you purchased in 2016 that cost you over $50 million. A total of $17 million can be claimed in depreciation over 40 years, more than $5.3 million of which is in the first five years.

While this is an excellent example that illustrates the importance of making depreciation claims, each commercial property is different. Many factors must be considered when preparing a property depreciation schedule for your individual property. 

With this in mind, we have launched the Washington Brown Depreciation Calculator to give you an estimate of potential deductions for your property. Then, we can provide you with the comprehensive support you need to act on these savings. 

What If I Only Own One Of The Office Suites In The Building? 

Owning an entire building makes the claims process simple. But if you own just one portion of the building? Can you make a claim then?

The good news? You can still claim a depreciation deduction, even if you own just one of the suites in the building. As it’s commercial property, it can even be the office you or your own business operates from – it doesn’t have to be leased out to another entity (as is the case with residential property).

For example, let’s imagine that you purchased a modern office suite in 2016 for $650,000. A total of $332,500 can be claimed in depreciation over 40 years, over $80,000 of which can be claimed in the first 5 years.

If you’ve also added a fit-out, there can be additional deductions available to you. When you enlist the help of Washington Brown, we make sure that you get all of the claims possible, whether you own the entire commercial property or a single office suite. 

Can You Claim Depreciation As A Tenant Of A Commercial Property Space?

Owning a single space in a commercial property comes with its fair share of questions. But as a tenant of a commercial property, are you able to access these same claims? You can, with the exception that depreciation claims will be reserved for fit-outs rather than the property itself. 

Rather than claiming depreciation on the building itself, tenants can claim depreciation on plant and equipment items that they’ve purchased for their space, as well as other fit-out works. Some of the commonly claimed items include mirrors, furniture, clothing racks, benches and shelves, and mannequins, just to name a few. 

Washington Brown provides professional depreciation advice and reports for buyers, owners, and sellers of commercial property, as well as tenants.

Do You Need To Get A Professional Depreciation Schedule? 

Yes. A depreciation schedule will maximise the tax savings on your commercial investment.

The good news? You only need to get it done once, which you can easily accomplish with a Washington Brown depreciation schedule valid for up to 40 years (the lifetime of the building). However, we recommend updating the report if you do any renovations, repairs, or need to replace internal items.

You can provide the report straight to your accountant at tax time.

How Much Does A Depreciation Schedule Cost?

The cost of preparing a tax depreciation schedule varies according to numerous factors, including your commercial property’s location and size. Get an individual obligation-free online quote from Washington Brown now.

The fees are 100 percent tax-deductible, and we guarantee you’ll save at least twice our fee in the first 12 months, or there will be no charge!


Ready To Claim Depreciation On Your Commercial Property?

Request A Quote   Free Consultation