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.
Speak to TSL Project Services today and you will find our team of qualified Quantity Surveyors keen to explain exactly what you will be getting and the purpose of a Tax Depreciation Schedules.
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