If I have an investment property can I claim Depreciation and How?

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If you have an investment property, it can be depreciated. Think of it as ‘wear and tear'. Houses, units and commercial properties all qualify. Even older properties can be depreciated. 81% of Australian property investors are not claiming their full tax deductions!

By using an ATO recognised Tax Depreciation Schedule, investors can claim thousands of legitimate tax dollars back on their investments, conserving their cash flow and safeguarding their future.

Schedules can even be backdated so investors can claim up to 4 years of ‘lost' depreciation!

How much money can you claim?

How much you can claim as a tax deduction depends on your individual tax situation.

Doesn't depreciation only apply to new buildings?

Any building where construction started after 18 July 1985 qualifies for the 'Special Building Write-Off'. That means you can depreciate the original cost of construction. Plus, for all buildings, there are a host of depreciable assets like hot water systems, blinds, floor coverings and stoves that may be depreciated.

Can renovations be depreciated?

Yes. The 'Special Building Write-Off' can be claimed as long as the renovations were undertaken after 26 February 1992. Investors can also claim Architects and Engineers Fees. Structural inclusions such as retaining walls and sealed driveways, if undertaken after this date, can also qualify.

Balben Property Transfers recommends that you take advantage by using a Tax Depreciation Schedule to help you maximise your Tax Depreciation.

Please note that we recommend Depreciator to you on an independent basis and we do not receive commission or other benefits from Depreciator.

Depreciator has an Australia wide network of Quantity Surveyors and appropriately qualified people. They supply Tax Depreciation Schedules to one of Australia's largest accounting groups and two of Australia's largest real estate groups. Their service is cost effective and efficient.

What are the benefits of using Depreciator?

The fee is 100% tax-deductible. And if you pay by June 30, you can claim it back almost straightaway.


Depreciator specialises in Tax Depreciation Schedules. This ensures that you receive the maximum tax-deductible depreciation you are entitled to.


Depreciator provides a comprehensive report that sets depreciation entitlements on a yearly basis for 20 years - saving you money for the next 20 years!


The Tax Depreciation Schedules are suitable for all types of property investors - companies, partnerships, trusts, individuals and couples.


Hassle-free - all you need to do is fill in the Online Application Form and Depreciator will take care of the rest.


There is even a guarantee! - "If Depreciator can't find more depreciation than their fee in the first full year, the Schedule is free."


The Schedule is transferable to future buyers if the property is sold.


The Schedule has calculations for both the Prime Cost and Diminishing Value methods so you and your accountant can select the most tax-effective strategy.

 

Who is Depreciator?

Depreciator is a Quantity Surveying company whose sole focus is the preparation of Tax Depreciation Schedules for individual investors. They cover all capital cities and many regional areas.

Their specialist skills ensure that clients receive the maximum depreciation allowable on their investment properties. For further details on Depreciation Schedules, please visit Depreciators website at www.depreciator.com.au