Frequently Asked Questions

WHAT ARE DEPRECIATION SCHEDULES?
These schedules break down the cost of your property so that you can use the depreciation amounts in your tax return.  The schedules are split into building structure (2.5% or 4% items as dictated by the ATO), plant items (assets with higher depreciation rates) and non depreciable items (organic things like plants and grass)

CAN MY ACCOUNTANT PREPARE THE REPORT?
Accountants may know about depreciation, but unfortunately, they do not have the appropriate construction knowledge to be able to correctly prepare the depreciation schedule for your property.  Only qualified Quantity Surveyors have sufficient construction cost knowledge in order to prepare these reports accurately, which therefore maximise the return on your valuable investment. 

WHAT IF THE DEVELOPER GAVE ME A SINGLE PAGE SCHEDULE BEFORE I PURCHASED – CAN I USE THIS FOR MY TAX RETURN?
Unfortunately, these are marketing schedules and are indicative only and are almost never based on the exact property that you purchased.  Unless the developer provided you with a full report at settlement (that is based on your exact property, settlement and purchase price) then you must have a tax depreciation report prepared that is based on your specific property and its assets.

I’VE BEEN TOLD MY PROPERTY IS TOO OLD?
Residential properties constructed or renovated after July 1985 can be depreciated, however the plant/assets within are assessed at every purchase and valued accordingly at that date, so even if your property was built before 1985, you still might be able to depreciate some of the assets!

WHY IS THE COST SO LOW?
Our business structure and low overheads enables us to offer our quality professional services at a low cost to our clients making us strong competition to other companies in the region.

CAN I GET A HARDCOPY OF THE REPORT?
We are conscious about the environment and are always trying to do our little bit to help.  Given this, we have decided to offer our reports in PDF format which are emailed directly to you on completion.  By doing this, not only are we helping save the environment, but because our overheads are  reduced (printing, finishing and posting), this enables us to pass the savings directly on to you through our low fees!  This means a faster turnaround time for you and your accountant!  Should you request to have a hard copy of your report, a surcharge will apply.

(1) - 2 week turnaround in peak periods, Subject to property availablilty & information provided.
(2) Discounts available for multiple properties, not valid with any other offer!