Washington Brown specialises in quantity surveying and tax depreciation schedules for the regional areas of Perth and Western Australia.
Our Perth quantity surveyors, professional members of the Australian Institute of Quantity Surveyors, specialise in maximising cost savings on your investment property.
How will a property tax depreciation report help me pay less tax?
As a property investor, you are entitled to claim the wear and tear of an investment property against your taxable income.
Just like a business can claim tax depreciation deductions on a computer or desk, you can claim the depreciation on your investment property.
Get a Depreciation Report quote to maximise your savings on depreciation investment property.
Don't Miss Out- Get a Free Depreciation Quote Today
What areas do you service from your Perth office?
We prepare reports throughout Perth and Western Australia, including Mandurah, Rockingham, and Joondalup, as well as regional locations like Albany, Karratha, Geraldton, Port Hedland, Albany, & Margaret River.
What does a depreciation schedule look like?
An example schedule for depreciation schedule is a booklet or pdf that breaks down the amount you can claim.
You can claim two types of depreciation.
You can claim the capital works allowance and the depreciation on plant and equipment assets.
Remember, you must have the property as an investment property to claim the depreciation.
You cannot live in the property and claim property depreciation.
Most people receive their depreciation via email, which looks more like a PDF than a booklet.
Do you need to inspect every property?
There are three reasons why not every property needs to be inspected to get the maximum depreciation. – watch the video to learn why.
What is included within the Capital Works allowance?
The capital works deduction refers to the structure of the building.
You can claim this structure over 40 years from when the property was built, also known as the Division 43 depreciation.
Let’s say you buy a 10-year-old property in Perth; you can now claim the original building cost for the next 30 years at 2.5% per annum.
So if your property cost $100,000 to build ten years ago, you would be able to claim $2,500 for the next 30 years if you acquiredd that property today.
What is included in the Plant & Equipment?
Plant and Equipment items refer to those included within a building that are more easily removable.
This is why they have a shorter, more effective life.
This suggests it isn’t anticipated to have a lengthy lifespan.
Plant & Equipment items include carpets, Ovens, Blinds dishwashers, etc.
A step-by-step guide will help you work out how much you can claim with a Perth tax depreciation report.
1 – Use our Free Tax Depreciation Calculator
Property Depreciation Calculator
Find out the potential return on a property
2 – Enter the details of your Perth Investment Property as shown below
3 – Press calculate and see the results below.
How can I maximise my Perth tax depreciation report?
We are experts in property tax deductions for all residential and commercial property types.
We guarantee to save twice our fee in the first year, or your tax depreciation report will be FREE. Try our exclusive tax depreciation calculator and determine how much money you could save on your Perth investment property!
Maximise the tax return savings on your investment rental property. Get a depreciation schedule quote now
Washington Brown Perth Office Contact Details
Call 08 6270 6386
Email info@washingtonbrown.com.au
Post 1060 Hay Street, West Perth, WA 6005