The Redline Advantage - How we maximise your depreciation deduction
- Every Tax Depreciation Schedule is compiled by a Certified Quantity Surveyor (CQS)*
- Taking full advantage of the highest depreciation rates available and Low Value Pooling
- Transferring larger assets to the Low Value Pool as soon as possible
- Splitting Schedules where there are multiple owners
- Automatically including common property items for unit developments
- Providing Schedules that last the life of the property (40 years)
- Combining all of the above with competitive fees and the fastest turnaround times
Terminology
- The Tax Depreciation and Capital Allowances Schedule goes by many names including Quantity Surveyors Report (QSR), QS Report, Tax Depreciation Schedule, Tax Depreciation Report and Investment Property Schedule.
*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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INVESTMENT PROPERTY TAX DEPRECIATION
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 may be required, we service the entire South-East Queensland and Northern NSW regions incorporating:
- Gold Coast
- Brisbane
- Ipswich / Springfield
- North Brisbane / Caboolture / Morayfield / North Lakes / Deception Bay
- South Brisbane / Logan / Beenleigh
- Redland Bay
- Redcliffe Peninsula
- Beaudesert / Jimboomba
- Sunshine Coast / Noosa / Maroochydore / Mooloolaba / Caloundra
- Toowoomba
- Gatton
- Tweed Coast / Kingscliff
- Lismore
- Ballina
- Murwillumbah
- Byron Bay
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, Capital Allowances Schedule, Tax Depreciation Report and Investment Property Schedule.
Testimonials
Dinesh Singh
Anthony CerantonioSimon HanauRedline Quantity Surveyors Pty Ltd
Latest News
15 May 2018 12:00 AMIncrease in Residential Housing CostsRedline Quantity Surveyors report that there has been a 2.8% increase in residential housing costs in South-East Queensland from January 2019 to December 2020.More...Simon HanauRedline Quantity Surveyors Pty Ltd
10 Nov 2017 8:17 AMSplitting Tax Depreciation Schedules based on individual owner’s shareRedline Quantity Surveyors are pleased to announce the introduction of split Tax Depreciation Schedules as a standard inclusion where there is more than one owner.More...Simon HanauRedline Quantity Surveyors Pty LtdThe Redline Advantage - How we maximise your depreciation deduction
- Every Tax Depreciation Schedule is compiled by a Certified Quantity Surveyor (CQS)*
- Taking full advantage of the highest depreciation rates available and Low Value Pooling
- Transferring larger assets to the Low Value Pool as soon as possible
- Splitting Schedules where there are multiple owners
- Automatically including common property items for unit developments
- Providing Schedules that last the life of the property (40 years)
- Combining all of the above with competitive fees and the fastest turnaround times
Terminology
- The Tax Depreciation and Capital Allowances Schedule goes by many names including Quantity Surveyors Report (QSR), QS Report, Tax Depreciation Schedule, Tax Depreciation Report and Investment Property Schedule.
*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