Washington Brown provides the best depreciation schedules on the Gold Coast, and we have years of experience.
Our experience ranges across residential, commercial, industrial, and government buildings.
We service the Gold Coast, and our team includes the best tax depreciation report experts.
How are depreciation schedules helpful to me?
As a property investor, you can claim the wear and tear of the properties you invest in against your taxable income.
The amount you can claim will depend on the property’s age.
So, the older the property, the less you can claim. Depreciation schedules will help you determine that and ultimately help you increase your tax savings on an investment property.
Our depreciation schedules are accurate and timely, not to mention Quantity Surveyors create them with years of experience.
Contact us for a quote if you are ready to get your depreciation schedule!
How much does a Gold Coast depreciation schedule cost?
Many factors will affect the cost of depreciation schedules for properties on the Gold Coast. Such as:
- Whether or not the property needs an inspection.
- Whether it’s residential or commercial.
- The location of the property.
- The size of the property.
Why choose us to provide your depreciation schedule?
- We have glowing reviews and testimonials that speak of the quality of our services.
- We employ expert Quantity Surveyors who are thorough and efficient.
- We have been in business for a long time and have earned ar good reputation.
What exactly is a tax depreciation report?
Depreciation schedules have two components because two allowances are claimed when you depreciate a property.
First, the structure of the building, which is the Division 43 allowance, relates to concrete, bricks, etc.
Second, the plant and equipment are easy to remove, depreciating faster, such as dishwashers, ovens, and more.
How much depreciation can I claim on the Gold Coast?
The amount of your claim will depend on several factors, such as the kind of property and its age. The best way to know precisely how much or get a close estimate is to use the Property Depreciation Calculator.
To use this excellent tool, all you have to do is enter your investment property’s details, including the purchase price, age, the nearest city, date of purchase, and standard finish.
Once you do that, the investment property depreciation calculator will provide a depreciation schedule estimate to let you know how much you can claim on your investment property. The calculator is straightforward to use; make sure all the information you provide is accurate.
How long do depreciation schedules last?
A depreciation schedule in the Gold Coast will last for 40 years, so you’ll only need to get your depreciation schedule once. The information provided in it will be liable for the entire lifetime of your property. You’ll only need to amend your depreciation schedule if you make significant changes or improvements to your property.
How long must I wait for a depreciation schedule?
Generally, the organisation of a depreciation schedule may take between 1 and 2 weeks. The most significant factor that affects how long a depreciation schedule will take is whether an inspection is necessary or not.
Is a property inspection always necessary for a depreciation schedule?
Whether an inspection must be done or not will depend entirely on the property, it is not always necessary.
Still, a qualified Quantity Surveyor must first go through your investment property to assess it and provide appropriate advice. If an inspection is necessary, it’s not something you want to skip because it can allow you to enjoy maximum depreciation allowances.
Can you provide commercial property depreciation schedules?
Yes, we do provide commercial depreciation schedules in the Gold Coast. We provide all kinds of non-residential depreciation schedules to fit the needs of our clients, and we always offer high-quality services.
The good thing about commercial depreciation schedules is that you will still claim the plant & equipment allowance
Whether you are a tenant or landlord, you will benefit from having a depreciation schedule. As a tenant, you can make a depreciation claim on the fit-out. As a landlord, you can make a depreciation claims on the construction cost of the building, known as the capital works deduction.. Either way, you’ll enjoy tax depreciation and the cash flow it will help create.
Can my accountant make a depreciation schedule?
No, an accountant can’t provide depreciation schedules, as stated by the Australian Taxation Office. Quantity Surveyors are the ones with the right skill set for this task, so our services are necessary if you want to gain from your claim.
About Tyron Hyde
Tyron Hyde is the CEO of Washington Brown Quantity Surveyors. He is regarded as one of the industry's leading experts in property tax depreciation, is regularly quoted in the media & asked to speak at conferences.
Learn why more Property Investors Choose Washington Brown to prepare their depreciation reports.