What is Included in a Depreciation Schedule?

What is Included in a Depreciation Schedule?

Investment properties are a great way to secure your financial future. As an informed investor you’ll want to take advantage of all of the tax benefits that are available to residential property investors. Who wants to pay more tax than they need to?

A Depreciation Schedule is a long term investment. For an upfront 100% deductible fee, it sets out how much depreciation you can claim
for the next 20 years. This annual deduction can help you cashflow your property. You would be amazed at how many investors fail to claim depreciation.While your accountant can prepare you tax return, they’re not qualified to prepare a tax depreciation schedule. That’s where we come in!

What is included in a Depreciation Schedule?

Depreciation is available on the building itself and on the assets within your property. That’s things like the carpet, dishwasher, oven, etc. The items that are ‘easily removed’. Buildings built after September 1987 depreciate at 2.5% per year for 40 years from the original date of construction. The assets depreciate much more rapidly.

So Why Jim’s?

When you’re looking to invest, you want to be certain that the property you are buying doesn’t have any hidden defects or costly repairs waiting to happen. Rather than organising for multiple professionals to go through the property, our consultants can provide a building inspection in conjunction with a depreciation schedule.

Just after the depreciation schedule? No worries. Our team can provide you with a comprehensive schedule, and all of the information you need to know with regards to your tax deductables. To enquire or learn more about this service, contact your local consultant on 131 546, or visit www.jimsbuildinginspections.com.au

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