The Redline Advantage - How we maximise your depreciation deduction
Terminology
*The Director of this firm is recognised by the AIQS as a Certified Quantity Surveyor which represents the highest level of expertise within the Quantity Surveying profession.
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The Redline Difference
Unlike our competitors, if we do not believe that a Tax Depreciation Schedule* is going to be worthwhile for your investment property, we will tell you upfront!
To obtain a free, no-obligation Quote for a Residential Tax Depreciation Schedule please click the above link or, if you would like to talk with a Certified Quantity Surveyor, please phone 1300 732 667 during business hours.
Areas Covered
Redline Quantity Surveyors prepare Tax Depreciation Schedules for brand new homes Australia-wide based on plans and specifications. For all other residential properties, where an inspection of the property is necessary, we service the entire South-East Queensland and Northern NSW regions incorporating:
What is Tax Depreciation?
Progressively during the 1980s the Australian Government introduced Legislation enabling investment property owners to claim tax deductions for Tax Depreciation and Capital Allowances against their income producing properties.
Deductions for Tax Depreciation and Capital Allowances are divided into two categories; building depreciation and plant and equipment (asset) depreciation.
Building depreciation is a flat 2.5% deduction per annum of the original construction cost of the property for each year of ownership. This percentage can rise to 4% per annum depending on the type of property and when it was built.
Plant and equipment (asset) depreciation covers items such as carpets, blinds, curtains, appliances, hot water systems, etc which attract higher rates of depreciation. Note, Legislative changes introduced on 9 May 2017 limited plant and equipment depreciation to the investor who first acquired the plant and equipment.
To view a slide presentation with more information, please click here
*Also known as Quantity Surveyors Report (QSR), QS Report, Tax Depreciation Schedule, Tax Depreciation Report and Investment Property Schedule.
The Redline Advantage - How we maximise your depreciation deduction
Terminology
*The Director of this firm is recognised by the AIQS as a Certified Quantity Surveyor which represents the highest level of expertise within the Quantity Surveying profession.
View Website