Your Complete Guide to Depreciation Schedules in Ballarat

Depreciation schedules are a powerful tool for property investors in Ballarat to maximise tax savings and improve cash flow. This guide breaks down everything you need to know about depreciation schedules, why they’re essential, and how Washington Brown can help you claim every dollar you’re entitled to.

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What Is a Depreciation Schedule?

A depreciation schedule is a report that outlines how much the assets in your property decrease in value over time. These assets include:

  • Fixtures and fittings (e.g., carpets, blinds, and appliances).
  • Structural elements (e.g., walls, flooring, and roofing).

This report helps property owners claim tax deductions for the loss in value of these assets, improving cash flow and boosting return on investment (ROI).

Why Is a Depreciation Schedule Important?

Here are three key reasons why you should get a depreciation schedule for your investment property:

  1. Maximize Tax Deductions: Claim deductions on both capital works and plant & equipment items.
  2. Boost Cash Flow: Reduce your taxable income and keep more money in your pocket.
  3. Long-Term Benefits: Depreciation schedules cover up to 40 years, ensuring tax savings for decades.
Depreciation Schedule Ballarat

Why Choose Washington Brown?

Washington Brown has over 40 years of experience helping Ballarat property investors maximise their tax benefits. Here’s why we stand out:

  • Our quantity surveyors are accredited by the Australian Institute of Quantity Surveyors and authorised by the Tax Practitioners Board.
  • We specialise in residential, commercial, and industrial properties.
  • Our team tailors every schedule to your property, ensuring ATO compliance and optimal savings.

We proudly serve Ballarat and nearby areas like Soldiers Hill, Delacombe, Wendouree, and Alfredton.

How Are Depreciation Schedules Structured?

Washington Brown ensures your depreciation schedule is tailored to your specific property. Here’s what you can expect:

  1. Prime Cost & Diminishing Value Methods: Choose the method that works best for your financial goals.
  2. Custom Dates: We align the schedule with your property’s settlement date, ensuring accurate calculations.
  3. Inspection Options: Depending on the property type, an inspection may or may not be needed based on current laws.

How Long Does It Take ?

The time frame for completing a depreciation schedule depends on your property’s complexity and data availability. In general, it can take 1–4 weeks to finalise.

Steps in the Process:

  1. Consultation: Discuss your property with our team.
  2. Inspection (if required): Visit the property to assess assets.
  3. Data Gathering & Calculations: We calculate the depreciation values.
  4. Report Finalisation: Receive your comprehensive depreciation schedule.

How Much Does a Depreciation Schedule Cost?

The cost varies based on the property type, complexity, and location. For Ballarat properties, the typical price range is:

  • Established Residential Properties: $500–$770.
  • Commercial or Industrial Properties: Fees depend on size and complexity.

Contact Washington Brown to get an accurate quote tailored to your property.

Depreciation reprot ballarat

Why Can’t My Accountant Handle This?

While accountants excel at financial planning, creating a depreciation schedule requires specialised knowledge in construction, property valuation, and tax law. According to Tax Ruling TR 97/25, quantity surveyors are best qualified to prepare these reports.

Click here for information from the Australian Tax Office about Tax Depreciation Schedules

Can I Estimate Depreciation Savings?

Yes! Use Washington Brown’s Property Tax Depreciation Calculator for a quick estimate.

With one click, you’ll receive an estimate of how much you can claim in tax depreciation deductions.

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Depreciation Schedule Calculator

FIRST 10 YEAR TOTAL CLAIM

$35,234

SHOW FULL 10 YEAR BREAKDOWN down arrow icon

When Should I Update My Depreciation Schedule?

You don’t need to update a depreciation schedule annually. However, we recommend:

  • Getting a schedule immediately after purchasing a property.
  • Updating it after major renovations or structural changes.

This ensures you’re maximising tax deductions and remaining compliant with ATO regulations.

Get Depreciation Schedeule quote for Ballarat today

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How Depreciation Schedules Benefit Investors and Developers

Here’s how a depreciation schedule can help:

  1. Maximise Tax Deductions: Claim every dollar you’re entitled to.
  2. Improve Cash Flow: Lower taxable income means more funds for reinvestment.
  3. Better Planning: Detailed reports provide insights for budgeting and decision-making.
  4. Ensure Compliance: Stay within ATO guidelines to avoid audits or penalties on your tax return.

Why Depreciation Schedules Matter in 2025

With rising interest rates affecting property markets like Ballarat, every dollar counts for investors. A professional depreciation schedule ensures you’re getting the most out of your investment by offsetting costs with significant tax savings.

What types of properties can I claim depreciation on?

You can claim depreciation on both residential and non-residential properties.

Get Started With Washington Brown Today

Ready to boost your ROI and improve cash flow on your Ballarat property? Here’s how to get started:

Request a Quote: Fill in your details or call 1300 99 06 12.