Depreciation

The Federal Government has set rates at which the investment property and its fixtures and fittings can be depreciated for tax purposes.

When calculating these rates it is imperative to use the services of a licensed Quantity Surveyor so that the ATO recognises your claim.

A list of depreciation allowances are:

• Building costs - 2.5% PA over 40 years from date of completion.
• Fixtures & Fittings
• Inspection costs
• Other costs (as per tax schedule)

To ensure maximising your claim investors must utilise the services of an accountant that specialises in property investment to make sure all deductions are claimed.