Do you own investment property in Northern NSW?

Tax Depreciation advice, Tax Depreciation reports, Investment property tax Deductions

If you want to maximise your property tax savings on your Northern NSW-based investment property, you have come to the right place. We service all Northern NSW and surrounding regions, including Ballina, Byron Bay, Lismore, Yamba, Tweed Heads, Lennox Head, Mackville, Grafton, Bangalow, and Mullumbimby.

Washington Brown have been providing tax depreciation services and advice to property investors for over 40 years.

We are experts in property tax depreciation, ATO regulations and tax law and certified quantity surveyors. We have experience in all property types – residential, commercial and industrial property depreciation.

About Byron Bay Depreciation Schedules & Surrounding areas.

A professionally prepared tax depreciation schedule can save you thousands in tax savings. As an investment property, owner you are legally entitled to claim the depreciation of your investment property against your taxable income.

Some important property depreciation facts:

• All properties, irrespective of age, qualify for depreciation. Whether you own a new or second-hand property, you will be able to claim some depreciation allowance.
• If you have not been claiming, you can backdate your depreciation claims.
• How much will I save?

Try our exclusive FREE online tax depreciation calculator on this page. In a few short clicks, you’ll get an estimate of your potential tax savings.

Why use a Quantity Surveyor to prepare your depreciation schedule?

The Australian Taxation Office in 1997 published a ruling that stated that Expert Quantity Surveyors are the appropriate body to prepare depreciation reports.

Your accountant, property manager, nor real estate agents cannot provide a cost of construction where the costs are unknown. That’s where we come in because basically, that’s what you will be depreciating – the cost of construction.

What can I claim in a depreciation schedule?

There are two components of a depreciation schedule:

The Division 43 Capital Works deduction: This relates to the structure of the building – items such as brickwork, concrete and tiling.

The Plant & Equipment Depreciation Property relates to the items that are more easily removed and can be depreciated quicker – such as the oven, dishwasher and blinds.

A depreciation schedule for your Northern NSW investment property will include the above aspects.

You won’t be alone in your choice.

We are trusted by some of the biggest names in property!

Why choose Washington Brown

• You’ll get excellent customer service
• You’ll save money. If we don’t save you twice our fee in the first year, your report will be free!
• We assess over 10,000 properties per annum for tax depreciation allowances!
• We stand by the accuracy of our tax depreciation reports
• Our team of tax depreciation experts are members of the Australian Institute of Quantity Surveyors