Terms & Conditions of Trade

Terms and Conditions of Trade

Washington Brown Depreciation Pty Ltd will where deemed necessary, inspect your investment property and prepare a detailed tax depreciation schedule (Schedule) in accordance with the requirements and guidelines set out by the Australian Taxation Office and the Australian Institute of Quantity Surveyors.

You, as the client, accept full responsibility for all information you provide to Washington Brown Depreciation Pty Ltd for the purpose of developing the Schedule.

Depreciation Estimates

You accept that any estimate provided to you from Washington Brown Depreciation Pty Ltd throughout the quoting stage – be it verbal, written or from our depreciation calculator, is only an estimate. You understand that the estimate is based upon your subjective valuation of quality of the property and that all properties differ.

Payment Terms

We do not require payment upfront. We will send you an invoice via email when your Schedule is complete. You are required to pay the invoice within 14 days of receipt.

Washington Brown Depreciation Pty Ltd retains ownership of the Schedule and will not release the Schedule to you until full payment of the agreed fee is received by us.

Payment Methods

Payment can be made by one of the following options:

1. Direct Deposit: into our bank account using internet banking or by cash deposit at any Commonwealth Bank branch.

   Account Name:

   Washington Brown Depreciation Pty. Ltd.

   BSB:

   062151

   Account Number:

   1015 7728

2. Credit Card: We accept MasterCard, Visa Card or American Express. Credit card payments can be made online via our website or over the telephone by calling 1300 990 612. Credit card payments incur a service fee of 1% for use of a MasterCard and Visa and 3% for use of American Express. These fees are applicable to all credit card payments made to Washington Brown Depreciation Pty Ltd.
3. Personal Cheque, Bank Cheque or Money Order: made out to Washington Brown Depreciation Pty Ltd and post to PO Box Q1173 QVB Sydney NSW 1230.
4. Payment in cash: You can only pay by cash at our head office located at Suite 25, Level 5, 321 Pitt Street, Sydney, NSW, 2000.

When making a payment you will need to provide your file number as a reference (supplied to you after accepting your quote).

Fee Guarantee

For residential properties built after 1987, Washington Brown Depreciation Pty Ltd guarantees to deliver twice the quoted fee in depreciation deductions within the first 12 months from the date the property first became available as an income producing asset.

Washington Brown Depreciation Pty Ltd retains ownership of the Schedule and cannot release the Schedule to you until full payment of the agreed fee is received by us.

7-day Service Guarantee – This only applies to Australian Residential Property.

If Washington Brown Depreciation Pty. Ltd. cannot complete your Tax Depreciation Report within 7 business days, we’ll supply the report for HALF the accepted quote price.

The 7 day period commences from the following day of the property inspection and from when all requested additional information is received by us, whichever occurs later. Date of completion of the report is defined as the date the email is sent from Washington Brown to the owner or agent, either requesting payment for the report or supplying a link to download the report.

Updates to Depreciation Reports

Cancellation Policy

You will be liable for a cancellation fee of 20% of the agreed fee, should you cancel the job after:

• Washington Brown Depreciation Pty Ltd receives an online application from you via our website.
• Washington Brown Depreciation Pty Ltd receives a completed/signed application form via mail, fax or email.

Should you cancel the job after the onsite inspection of the investment property has been completed you will be liable for a total of 50% of the agreed fee.

Delivery of your Report

You will receive an emailed copy of your Schedule as a pdf file which will be available for download once Washington Brown Depreciation Pty Ltd receives payment from you. You can also request an electronic copy of your Schedule to be sent to your Accountant.

If you wish to receive a hard copy a fee of $12.50 (GST included) will apply.

Digital Record keeping

We will keep a digital copy of your Schedule for period of five years. If you lose or misplace your Schedule you can request an additional electronic copy of your schedule to be emailed to you or your Accountant free of charge during this period of time.

If you require a copy of your Schedule outside of this period of time we will make every effort to retrieve a digital copy of your report. We reserve the right to charge a fee to cover the cost of relocating the original files and/or report.