Maximise Your Tax Savings with a Depreciation Schedule in Melbourne
If you’re a property investor in Melbourne, you could be sitting on thousands of dollars in tax deductions—without even realising it.
A professionally prepared depreciation schedule ensures you claim every cent you’re entitled to, boosting your cash flow and maximising your returns.
Whether you own a residential investment, a commercial property, or a brand-new development, Washington Brown has helped thousands of investors just like you pay less tax and build more wealth.
Watch the video below to learn how a Melbourne depreciation schedule can put money back in your pocket today –
How will a depreciation schedule help me as a property investor?
You can claim the wear and tear of an investment property against your taxable income. If the property is brand new, you can claim both the plant & equipment (ovens, dishwashers, etc.) together with the Capital Works deductions (brickwork, concrete, i.e. the structure of the building).
How much does a depreciation report cost?
The type and size of the property can also influence how much your depreciation report will cost.
Fill in your details to get a depreciation schedule quote:
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What does a tax depreciation schedule look like?
A depreciation schedule should provide two ways you can claim depreciation. Firstly it should show the prime cost method of depreciation and the diminishing value method.
Why choose Washington Brown to prepare my depreciation schedule?
- Our Google reviews have an average rating of 4.9
- Independently chosen as Quantity Surveyor of the Year
- Members of the AIQS and registered with the Tax Practitioners Board
- Over the last 47 years, the Australian Taxation Office has not disallowed one report.
- We have been in business for over 47 years and plan to make it 100 years!
How much can I save if I order a depreciation report?
The best way to determine how much you can claim on your investment property is to use the Melbourne Property Depreciation Calculator.
Step One – Enter the details of your investment property, including
- How old the rental property is
- The purchase price
- The nearest city (Melbourne)
- The standard of finish
- When you bought it
Step 2 – See how much your depreciation schedule estimate will enable you to claim.
Can my accountant prepare my Melbourne depreciation report?
The Australian Taxation Office has ruled that quantity surveyors, not accountants, have the appropriate skillset to prepare depreciation schedules.
Do you prepare depreciation schedules on commercial properties?
Washington Brown has been preparing depreciation on a range of properties for many years. We have prepared reports for large shopping centres and industrial complexes down to your suburban office suite.
The good news about commercial or non-residential property is that you can still claim the plant & equipment even if the property is second-hand, unlike residential Melbourne deports.
So, whether you are the landlord or the tenant, you can still benefit from a depreciation report because if you are a tenant, you can claim the depreciation on the fit-out. If you are the landlord, you can claim the depreciation on the building itself in your tax return.
Washington Brown is a member of the Australian Institute of Quantity Surveyors and the Tax Practitioners Board.
Can I claim depreciation on a second-hand property?
Yes, it is still possible to claim depreciation on older properties and you can claim capital works deductions for up to 40 years from the date of construction for properties built after 1987.
To see how you can benefit and increase your property’s cash flow, here’s a quick case study on how you can maximise your claims.
Maria’s Story: A Case Study in Harnessing Depreciation for Investment Success
How long will it take for my depreciation schedule to be prepared?
The main factors in determining how long a Melbourne tax depreciation report will take to prepare comes down to whether the property needs an inspection or not and how easy gaining access to the property is.
Due to the law changes, if your property does not need an inspection, the report will be with you quickly.
On average, the reports can take 3-10 days to receive.
We guarantee to save twice our fee in the first full financial year, or your tax depreciation report will be FREE. Try our exclusive Melbourne tax depreciation calculator and find out how much money you could save!
Maximise the tax savings on your investment property. Get a quote now.
Washington Brown Melbourne Office Contact
Call (03) 8678 1886
Email info@washingtonbrown.com.au
Post Ground Floor / 470 St Kilda Road, Melbourne VIC 3004