Houspect works with qualified Quantity Surveyors and Registered Tax Agents to deliver tax depreciation reports for investment properties in Greater Sydney and regional NSW including Southern Highlands, Wollongong, Central Coast, Newcastle/Hunter and surrounding areas.
Depreciation is a tax deduction available to property investors. Over time, commercial and residential buildings depreciate in value. The Australian Tax Office (ATO) allows owners and investors of income producing properties to claim a tax deduction for the wear and tear that occurs on any old or new investment property. The building itself plus its internal fixtures, fittings and equipment will become worn over time and eventually will need replacing.
The best time to get a depreciation inspection on your property is immediately after settlement and preferably before the tenant moves in.
What Does the Report Provide?
A tax depreciation report helps investors maximise the property investment depreciation deductions they are entitled to under ATO legislation, outlining allowable costs and future depreciation claims.
Our qualified building inspector will conduct the building inspection and ensure all depreciable items are noted and photographed which is then passed on to the quantity surveyors and registered tax agents who have the expertise to calculate building construction costs and depreciation schedules.
Does the Houspect Tax Depreciation Report Comply with ATO Guidelines?
Houspect Tax Depreciation Reports are prepared by qualified professional Quantity Surveyors who are also Registered Tax Agents and they ensure the depreciation report complies with applicable ATO guidelines.