Quantity surveyors speacilising in tax depreciation schedules australia wide

A depreciation schedule or a depreciation report is a document that outlines all available tax depreciation deductions for a residential, commercial or industrial property. It’s a document that includes details of your building and forecasts how certain parts such as fixtures, fittings (also known as plant and equipment), and common areas will reduce in value over time. It essentially outlines the exact amount of tax deductions for depreciation that you’re entitled to claim on your rental property investment. The wear and tear on your investment property lowers the value of the building itself, as well as various fittings and fixtures, allowing you to reduce your taxable income.