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Tax DepreciationTax Depreciation, what is it?Just like your body starts to feel the effects of wear and tear, so will your investment property. The difference is that while you will be provided with a 'depreciation allowance' for the effected items of your property investment, when your body starts to fall apart, the only thing you can hope for is sympathy. Many people aren’t aware that the building and associated plant depreciate in value over time allowing you to get significant tax relief. The ATO has developed a number of rulings, formulas, percentages, specific dates and types of items that affect the production of an accurate depreciation schedule. At TSL Project Services we work to the ATO guidelines, we are constantly in contact with the ATO and give advise on proposed rulings. TSL Project Services also works in conjunction with the Australian Institute of Quantity Surveyors' guidelines and ensure that all of their requirements are adhered too. A Tax Depreciation Schedule (TDS) is simply a document that lists all your investment's various items, the amount of wear left in them (effective life) and the dollar value you can claim against your assessable income.While it sounds simple, without any in depth understanding of the governing rules and regulations it is anything but easy. The problems really starts when you have to sift through the myriad of dates, laws, percentage rates and values of all these items. The depreciation formula doesn’t end there. To gain the full financial benefits it is crucial that you have an in depth knowledge of the construction process as most of the building and its labour components are depreciable too. For example, are you aware that the actual cost of placing one brick on another during the building operation has a value that's depreciable! Complicated? Absolutely! It is for that reason that accountants, solicitors, real estate agents and valuers are not 'appropriately qualified' to produce a complete TDS. A professional Quantity Surveyor is more than qualified for the job, our experience, expertise and dedication will ensure that you receive everything you are entitled to. Why choose TSL Project Services?The industry is full of companies claiming to be the best at producing Tax Depreciation Schedules and maximising investment owners Tax deductions, and in doing so offering various incentives and enticements to sway you to utilising their services. So why use TSL Project Services? Do we think we are the best? - Of course
we do. It is our philosophy that we provide a full detailed and accurate service to our clients for a fixed fee, no hidden extra costs, what we quote is what you pay. What’s more, you only pay when you receive your report.If you opt for the company who offer the cheapest service, how much time do you think they can actually afford to spend on your schedules, is reducing cost and time going to produce the most beneficial outcome for you as a client and Taxpayer? Speak to TSL Project Services and you will find our team of qualified Quantity Surveyors, whose sole aim is to maximise the Tax Benefits that you can gain from your investment property, keen to explain exactly what you will be getting and the purpose of a Tax Depreciation Schedule, no matter the size of your property portfolio, or whether you are a “Mum and Dad Investor” or a multi national corporation. Detailed below is the basis of our Tax Depreciation Schedules, their costs and contents, when you speak to our competitors, ask them if you get all of these items, then ask them their costs again. Do all of our competitors provide all of the items detailed below? The simple answer is NO, in fact; some only provide 5 or 10 year schedules, necessitating further expense on your behalf in the future, others advertise low fees, but then add costs for the production of plans, the research of historical data, etc. At TSL Project Services, the fees detailed below are the fees you will pay, no hidden extras.Finally and most importantly to us, 90% of our Tax Depreciation workload comes from personal referrals, and we believe that speaks for itself. Call us and make up your own minds. Tax Depreciation Schedule Features & Costs:Fixed fee (no additional costs) for listed areas - $540 inclusive of GST. What you get…
Book Your Tax Depreciation Schedule with Full On-Site Inspection here. |
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© Copyright 2008 :: TSL Project Services - Chartered Quantity Surveyor :: National Head Office - Unit 10 - Knobel Court, Hyperdome Technology Park Commercial Centre, Shailer Park, QLD 4128
:: Phone : local call 1300 792 360
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