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.
Whilst every attempt is made to ensure any provided estimates are as accurate as possible, you accept that any estimate provided to you from Washington Brown Depreciation Pty Ltd at any 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.
We do not require payment upfront. We will send you an invoice via email as your Schedule nears completion. 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.
Acceptance of the quotation is confirmation that you understand and agree to the pay the quoted fee in its entirety.
Payment can be made by one of the following options:
- Direct Deposit: into our bank account using internet banking or by cash deposit at any Commonwealth Bank branch. Please Note: This payment is not available if you have selected the 50/50 Payment Plan Payment Option
- Account Name:
- Washington Brown Depreciation Pty. Ltd.
- Account Number:
- 1015 7728
- 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.
- 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. Please Note: This payment is not available if you have selected the 50/50 Payment Plan Payment Option
- Payment in cash: You can only pay by cash at our head office located at Suite 504, Level 5, 321 Pitt Street, Sydney, NSW, 2000. Please Note: This payment is not available if you have selected the 50/50 Payment Plan Payment Option
When making a payment you will need to provide your file number as a reference (supplied to you after accepting your quote).
For residential properties located in Australia that were constructed after 1987, Washington Brown Depreciation Pty Ltd guarantees to achieve at least 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 unless otherwise mentioned and/or agreed.
This guarantee does not apply where an estimated deduction less than twice the quoted fee has been provided to you prior to you accepting the quotation and ordering the report.
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.
14 Business Day Service Guarantee – Applicable to Australian Residential Property.
If Washington Brown Depreciation Pty. Ltd. cannot complete your Tax Depreciation Report within 14 business days, we’ll supply the report for HALF the accepted quote price.
The 14 Business Day period commences the day after the property inspection takes place or 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
Washington Brown Depreciation Pty. Ltd. offers free updates to reports we have prepared for our clients.
Updates are free of charge where there are less than 10 additional items and the total value of works is less than $10,000.
Free updates may be subject to certain time restrictions. Updates required to be completed during the period of May – October may attract an additional fee.
Washington Brown reserves the right to limit the number of updates provided for a single report.
You may be liable for a cancellation fee of 20% of the agreed original fee, should you cancel the job after 3 days of:
- Washington Brown Depreciation Pty Ltd receiving acceptance of a quotation from you.
- Washington Brown Depreciation Pty Ltd receiving 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 or after we have notified you via email that your report has been completed, you will be liable for a total cancellation fee of 50% of the agreed original 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.
In accordance with environmental and industry best-practice as well as accountant preferences, we are ‘paperless’ and cannot provide hard copies of reports.
Disclaimer – COVID-19
In some circumstances, Schedules are not based upon and does not include a physical inspection of the premise; where access was not possible due to concerns regarding the COVID-19 (Coronavirus) outbreak.
Washington Brown has taken all care to ensure the accuracy of this Tax Depreciation Schedule.
If an amendment to the tax return is required by the ATO and a physical inspection is necessary, Washington Brown will carry out this inspection at no cost to you and provide an updated report.
Washington Brown will not be liable for accounting fees in relation to this amendment.
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.