Are you paying too much tax and not capitalising on the Tax Depreciation advantages available to you?
Then to speak to TSL Pty Ltd where you will find a team of Qualified Quantity Surveyors whose sole aim is to maximise your Tax Benefits. It doesn’t matter the size of your property portfolio, or whether you are a “Mum and Dad Investor” or a multi national corporation, you can feel confident knowing that your tax depreciation schedule will be correct and accurate and most importantly - saving you dollars. 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 Pty Ltd we work to the ATO guidelines, we are constantly in contact with the ATO and give advice on proposed rulings. What is a Tax Depreciation Schedule?A Tax Depreciation Schedule 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 start 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. Complicated? Absolutely! Did You Know?Did you know that the actual cost of placing one brick on another during the building operation has a value that's depreciable? 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. It is for that reason that accountants, solicitors, real estate agents and valuers are not 'appropriately qualified' to produce a complete Tax Depreciation Schedules. A professional Quantity Surveyor is more than qualified for the job. TSL Pty Ltd has extensive experience, expertise and dedication, ensuring that you receive everything you are entitled to. You will receive a full detailed and accurate service for a fixed fee, no hidden extra costs. You can find out what it will cost and check out the comparisions between other providers here. You can also access this online quote for a more precise estimate in your area and book your schedule online. Any queries contact us.
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