Skip to main content Skip to search

Residential Depreciation

Residential Depreciation

AU Tax Depreciation Quantity Surveyors is committed to assisting Residential Property Investors in maximising their depreciation entitlements on their investments by providing ATO-compliant Tax Depreciation Schedules.

Claiming tax depreciation on your rental properties can boost your tax savings/deduction amount and put cash back in your pocket.
Yet, not all investors claim this legal entitlement from the ATO. This can be due to a number of reasons: lack of awareness, confusion as to whether their investment property is qualified and lack of understanding of how valuable (in real cash) a tax depreciation rebate can be.

A few facts about Tax Depreciation Schedules (TDS):

  1. Only one TDS is required per owner , i.e., you do not need to have a TDS completed every year.
  2. There are two claimable elements in a TDS:
    1. Additional Assets are “wear & tear” items such as carpets, curtains, fans, stoves, etc.
    2. Capital allowance is the structure and any post-construction renovations and improvements.

    Assets assume a new effective life from the date of settlement of the property. This means that as the new owner, you will be able to claim 100% depreciation on all assets regardless of their age, or the age of the dwelling.

  3. Whilst properties constructed prior to 1985 do not qualify for capital depreciation, any additions or renovations conducted after 1992 do qualify.
  4. All assets in a pre-1985 property can be depreciated regardless of their age and condition, so it is definitely worth having a TDS completed for older properties.
  5. If you have owned an investment property for 5 years and are doing your first TDS today, you are only able to claim 2 years in arrears, plus the current year!

We cover the whole country, providing professional on-site inspection and other free additional services, such as on-call estimates and report updates (conditions apply).

Every residential property investor can maximise wealth through tax depreciation.

Our Guarantee: Double your fee on Tax savings or our report is FREE.