Houspect works with qualified Quantity Surveyors and Registered Tax Agents to provide tax depreciation reports for investment properties in the Northern Territory.
Over time, commercial and residential buildings depreciate in value. The Australian Tax Office (ATO) allows owners and investors of income producing property to claim a tax deduction for this depreciation in the value for both the building and various fixtures, fittings and equipment used in the building.
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 gather the required information that 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.