Tax Depreciation Schedule Information
Who uses the Tax Depreciation Schedule Information?
Tax Depreciation Schedules are used mainly by Accountants to help calculate a Clients Tax position before lodging a Tax Return with the Australian Taxation Office (ATO).
After having a Tax Depreciation Schedule completed by a suitably qualified and competent Quantity Surveyor, it can be sent directly to your Accountant and the information used to complete your annual Tax Return.
The Accountant will use the information to calculate yearly depreciation on the investment property and the Tax benefits that you are able to claim.
As an investment property Owner, you are able claim back the Tax Deductions from the Australian Taxation Office (ATO) on the Building, which is called the Capital Works component and certain Items within the Building called Plant and Equipment.
As your investment property depreciates in value, due to age and ‘wear and tear’, the ATO allows you have a Tax Deduction and lets you claim back the amount of depreciation.
To get a Tax Depreciation Schedule done on your investment property, let us find you appropriate members of the Australian Institute of Quantity Surveyors (AIQS) that are registered Tax Agents under the Tax Agents Services Act.
Quantity Surveyors will make sure that you are able to provide your Accountant with the most useful information to claim the maximum Tax Depreciation amount possible.
Just provide your details in the box, on the top right hand side of your screen.
It can save you time, money and worry.