Property investors tend to miss out on claiming thousands of dollars annually through property tax depreciation schedules according to AussieQS’ managing director, Ran de Fonseka. They have found that on average investors are able to claim $5,000 to $10,000 in depreciation expenses for existing properties and around $15,000 to $20,000 for new properties annually. Each property has to be however individually assessed as there could be several factors to consider.
AussieQS does tax depreciation schedules for both residential properties as well as commercial properties such as a shop, office or warehouse. They are registered Quantity Surveyors and can prepare ATO compliant schedules. They have a straightforward and customer-friendly approach and ensure that clients are able to maximise property tax depreciation deductions. AussieQS have many repeat customers and also receive referrals from accountants and property developers. You could read more about their property tax depreciation services on their website.
They are offering a free consultation (limited spots available) prior to the 31 October deadline for individuals to lodge their tax returns. Contact them now and see how much you are able to save on your investment property. AussieQS are also offering $50 off on their service fees (also tax deductible), provide the code ‘AussieQS 2020’ either over the phone or through their contact form.
Click here for the AussieQS Property Tax Depreciation Contact Form -> AussieQS.
You can also contact AussieQS via email or mobile:
Email – firstname.lastname@example.org
Mobile – 0404 056 139
AussieQS have provided the below examples on property depreciation: