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Maximize Savings with Our Tax Depreciation Schedule

Enhance Your Investment Returns through Accurate and Customized Tax Depreciation Schedules.

What Is A Tax Depreciation Schedule?

A Tax Depreciation Schedule Report is a report that outlines the tax deductions available to property owners for the depreciation of their investment property. It identifies all depreciable items within the property and calculates the available tax deductions. Our Depreciation Schedule reports are prepared by qualified Quantity Surveyors who ensure they comply with all Australian Taxation Office (ATO) regulations and guidelines, providing accurate and comprehensive reports that meet all necessary requirements.

How We Save You Money:

At Owner Inspections, we have a team of qualified and experienced Quantity Surveyors who use the latest methods to provide accurate and reliable reports that meet the needs of our clients. Our Quantity Surveyors are experts in their field, ensuring that your Tax Depreciation Schedule Report is comprehensive and accurate. Our Tax Depreciation Schedule Report can help you maximize your tax return on your investment property. It provides a comprehensive breakdown of depreciable items within your property, allowing you to take advantage of all available tax deductions. It can also improve your property’s value by identifying depreciable items that need replacing or upgrading.

Who Needs A Tax Depreciation Schedule?

Tax Depreciation Schedule Benefits Property Owners
Property Owners
Tax Depreciation Schedule Benefits Property Investors
Property Investors
Tax Depreciation Schedule Benefits Landlords
Tax Depreciation Schedule Benefits Property Developers
Property Developers

The Benefits of a Comprehensive Tax Depreciation Schedule Report

Accurate calculation of tax deductions
Identification of all depreciable items within the property
A comprehensive breakdown of available tax deductions
Maximizes your tax return on your investment property
Improves cash flow

Take the guesswork out of selling – ensure a smoother, faster transaction with our pre-sale inspections – so give the Owner Inspections Team a call today!


Report Inclusions

Our Tax Depreciation Schedule Report includes a comprehensive breakdown of all depreciable items within the property and the available tax deductions for each item. It also includes a summary of the available tax deductions and any recommendations for future upgrades or replacements. The items covered in our Tax Depreciation Schedule report may vary based on the specific property, but generally include:

Building structure
Carpets and flooring
Window treatments
Electrical and plumbing systems
Appliances and fixtures
Heating and cooling systems
Pools and outdoor structures
Capital works deductions (for the structure of the building)
Plant and equipment deductions (for removable assets within the building)

The Team at Owner Inspections are available at all hours to take your query. Please contact our Depreciation Schedule Specialists for a quote today!

Save Time and Maximize Savings With Our Tax Depreciation Schedule Report

What is Property Tax Depreciation?

Depreciation is the wear and tear that occurs as things get older. As items get older, the value of these items also decrease in value. This is called depreciation. When it comes to your investment property, these items are classified as either Plant and Equipment or Capital Works. The wear and tear of either plant and equipment or building in an investment property is called tax depreciation. Depreciation that you as an investor can claim as tax deductions enabling also increased tax refunds.

To calculate your depreciation deduction, we apply general depreciation rules unless your asset is eligible for the instant asset-write off or simplified depreciation rules for small business. The ATO prescribes two methods – prime cost method or diminishing value method. Both that can be used to claim on your property depreciation.

A Tax Depreciation Schedule is an ATO complying document that consists of 2 parts:

1. Capital Works

Also known as: Division 43 (ATO Term) | Building Write-Off | Building Allowance

Capital works refer to the items that make up the building and those that are fixed to the building.

Know the True Value of Your Property With Our Tax Depreciation Schedule Report


Part of the Building that May Depreciate


Capital works refer to the items that make up the building and those that are fixed to the building.

  1. When was your building built?
  2. What type of building do you own or lease?

Using these two key pieces of information, we can deduce approximately how much your brand new or second hand property can claim on construction costs.

This is an easy guide to refer to check whether your property qualifies for Capital Works.

Capital Works Depreciation Rate

(Based on Construction Commencement Year)

Capital Works Depreciation Rate Chart

2. Plant & Equipment

Also known as: Division 40 (ATO Term) | Depreciating Asset | Capital Allowance

Items that are easily detachable from the property and generally these include items that are motorised and have a shorter expected life span.

Plant and Equipment assets are differing in the rates of tax depreciation for both commercial and residential properties and is dependent on the ATO’s Asset Effective Life Schedule which gives guidance as to how many years the ATO feels an asset may wear out.

Plant and equipment assets offer you accelerated levels of property depreciation due to them in nature being faster wearing when compared to the bricks and mortar of your building. That means you as an investor can claim more immediately tax depreciation, typically within the first 5 years. The ATO then allows quantity surveyors to assess the value of these assets to include into your tax depreciation schedule.


Some items that are considered plant and equipment:

Some Items That Are Considered Plant and Equipment for Residential or Commercial Buildings

There are 2 questions we always ask an investor to answer this one.

  1. When was your building built?
  2. What type of building do you own or lease?


Legislated Changes to Tax Depreciation in a nutshell

Property investors who sign the contract for a purchase of a second-hand residential after 7:30pm on 9th of May 2017, are not eligible to claim property depreciation on plant and equipment (division 40). These investors are still able to claim tax depreciation on brand new plant and equipment like carpet and air-conditioning units.


In what scenarios are you eligible to claim property depreciation?

  • Brand new residential properties
  • Buildings that still qualify for building depreciation
  • Second-hand properties that have had substantial renovations
  • Second-hand properties that have had minor renovations
  • Investors that purchase property in Managed Funds
  • Corporate entities that buy properties (e.g. Pty Ltd Company)
  • Second-hand properties owners who purchase new plant and equipment
  • Owners who switch from Principal Place of Residence (PPOR) to rental properties prior to 1st July 2017
  • You own a property that is not residential (commercial, manufacturing or motels)