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Tax Depreciation
Schedule Canberra

Why choose Acumentus for your investment property depreciation schedule?

“A Tax Depreciation Schedule could boost your return by up to $15,000 in one financial year.”

Nathan King

National Director – Advisory, State Government & Projects
P: 0416 082 499

Acumentis, along with our Canberra Quantity Surveying partner, is equipped with the necessary training and qualifications to conduct inspections and provide a comprehensive tax depreciation report. Each member is fully compliant with the Australian Taxation Office and government legislation. When you work with the specialists at Acumentis, you can expect:

  • Depreciation schedules for 40 years: A single report covers the lifespan of your investment.
  • Maximum deductions: Our schedules incorporate recognised acceleration techniques to maximise your depreciation deductions sooner.
  • Up-to-date tax legislation knowledge: We stay current with all relevant tax legislation, ensuring you don’t miss out on claiming depreciation for your investment property.
  • Registered Tax Agents: All members of our partner Quantity Surveying team are Registered Tax Agents, endorsed by the Australian Institute of Quantity Surveyors (AIQS).
  • Nationwide coverage: We cover all types of investment property depreciation, including agricultural, residential, and commercial.
  • 100% tax-deductible fees

To maximise your depreciable deductions, contact your local tax depreciation specialist from Acumentis. Call us on 1300 882 401 or click below for an instant quote. With offices across the nation, including Canberra, Brisbane, Gold Coast, Sunshine Coast, Sydney, Melbourne, Adelaide and Perth, our property professionals are always ready to provide insightful advice.

Tax Depreciation

Case Studies

Learn more about rental property depreciation schedules

Your team of
tax depreciation experts

State contacts
Nathan King
National Director – Advisory, State Director – WA Operations
Perth
Matthew Shadbolt
Valuer
Canberra
Zac Beveridge
Associate Director
Canberra
Tony Lenord
State Director Commercial - Sydney
Sydney
Marty Creigh
Valuer
Newcastle
Daniel Carr
Valuer
Newcastle
Nathan Jones
Valuer
Lismore & Northern Rivers
James Morrell
Associate Director
Lismore
Angus Cooke
Valuer
Inverell
Tom McDouall
Director - Regional Residential Operations NSW
Newcastle
Heath Craft
Valuer
Albury
Maria Ergos
Client Services Team Leader
Sydney Residential
Gregory Jordan
Valuer
Port Macquarie
Jack Prosser
Senior Valuer
Port Macquarie
Harry Morrow
Senior Valuer
Tamworth
Simon Mandile
Senior Valuer
Sydney
Emmanuel Ergos
Senior Valuer
Sydney
Justine Franklin
Valuer
Albury - Wodonga
Bryan Guest
Regional Director
Coffs Harbour
Amy Frankel
Regional Director
Port Macquarie
Tony Gorman
Director Valuations
Darwin / Perth
Amber Broughton
Valuer
Gold Coast
Adam Purvis
Valuer
Brisbane
June Button
Valuer
Gladstone
Rachel Schloman
Valuer
Brisbane
Lara Watts
Valuer
Bundaberg
Adrian Marks
Valuer
Brisbane
Scott Blanchard
Senior Valuer
Cairns
Dale Rohde
Senior Valuer
Cairns
Sarah Banner
State Director - Residential Operations, QLD
Brisbane
Clancy Miller
Valuer
Townsville
Paul Krause
Senior Valuer
Mackay
Matthew Galvin
Senior Valuer
Toowoomba
Jack Macdonald
Associate Director
Roma
David Hosking
Regional Director
Cairns
Henry Brown
Director
Brisbane
Wayne Airey
Associate Director
Sunshine Coast
Alexandra Doneley
Senior Valuer
Emerald
Geoff Duffield
Director – Family Law & Advisory
Brisbane
Jany Pezard
Director - Valuations
Sunshine Coast
Gareth Turner
Director
Brisbane
Michael Everingham
Valuer
Gold Coast
Lachlan Dunsdon
National Director Rural & Agribusiness
Brisbane
Joe Porter
Senior Valuer
Adelaide
Craig Farley
Valuer
Adelaide
Stephanie Costi
Valuer
Adelaide
Mark Robins
State Director SA
Adelaide
William Simmonds
Valuer
Hobart
Leon Sleiters
Valuer
Hobart
Harry Chapman
Valuer
Launceston
Harry Chapman
Valuer
Launceston
Joe Stansfield
Regional Director - Tasmania (North)
Launceston
David Duffield
Regional Director - Tasmania (South)
Hobart
Alexandra Churches
Regional Director - Victoria
Bendigo
Quentin Churches
Associate Director
Bendigo
Patrick Monaghan
State Director - Regional Operations Victoria
Gippsland
Nick Funnell
National Director - Asset Advisory
Melbourne
Damien Stone
State Director Residential - Victoria
Melbourne
Mitchell Fraser
Senior Valuer
Busselton
Felicity Graham
Senior Valuer
Bunbury
Daniel Horan
Valuer
Perth
Curtis Borszeky
Senior Valuer
Perth
Rachel Kendall
Valuer
Mandurah
Michael Sinclair
Valuer
Perth
James Sholdas
Associate Director Valuations
Perth
Tom O’Sullivan
Associate Director Valuations
Perth
Kate Bingham
Associate Director
Perth
Ben Lamers
Director Acumentis Advisory
Perth
Aaron Hughes
Regional Director
South West WA
Scott Robinson
Regional Director
Mandurah
Richard Graham
Regional Director - South West
Bunbury
Mark Eaton
Regional Director
Albany
Damien Schifferli
Regional Director - South West WA
Busselton
Nathan King
National Director – Advisory, State Director – WA Operations
Perth
Nathan King
National Director – Advisory, State Director – WA Operations
Perth
Matthew Shadbolt
Valuer
Canberra
Zac Beveridge
Associate Director
Canberra
Tony Lenord
State Director Commercial - Sydney
Sydney
Marty Creigh
Valuer
Newcastle
Daniel Carr
Valuer
Newcastle
Nathan Jones
Valuer
Lismore & Northern Rivers
James Morrell
Associate Director
Lismore
Angus Cooke
Valuer
Inverell
Tom McDouall
Director - Regional Residential Operations NSW
Newcastle
Heath Craft
Valuer
Albury
Maria Ergos
Client Services Team Leader
Sydney Residential
Gregory Jordan
Valuer
Port Macquarie
Jack Prosser
Senior Valuer
Port Macquarie
Harry Morrow
Senior Valuer
Tamworth
Simon Mandile
Senior Valuer
Sydney
Emmanuel Ergos
Senior Valuer
Sydney
Justine Franklin
Valuer
Albury - Wodonga
Bryan Guest
Regional Director
Coffs Harbour
Amy Frankel
Regional Director
Port Macquarie
Tony Gorman
Director Valuations
Darwin / Perth
Amber Broughton
Valuer
Gold Coast
Adam Purvis
Valuer
Brisbane
June Button
Valuer
Gladstone
Rachel Schloman
Valuer
Brisbane
Lara Watts
Valuer
Bundaberg
Adrian Marks
Valuer
Brisbane
Scott Blanchard
Senior Valuer
Cairns
Dale Rohde
Senior Valuer
Cairns
Sarah Banner
State Director - Residential Operations, QLD
Brisbane
Clancy Miller
Valuer
Townsville
Paul Krause
Senior Valuer
Mackay
Matthew Galvin
Senior Valuer
Toowoomba
Jack Macdonald
Associate Director
Roma
David Hosking
Regional Director
Cairns
Henry Brown
Director
Brisbane
Wayne Airey
Associate Director
Sunshine Coast
Alexandra Doneley
Senior Valuer
Emerald
Geoff Duffield
Director – Family Law & Advisory
Brisbane
Jany Pezard
Director - Valuations
Sunshine Coast
Gareth Turner
Director
Brisbane
Michael Everingham
Valuer
Gold Coast
Lachlan Dunsdon
National Director Rural & Agribusiness
Brisbane
Joe Porter
Senior Valuer
Adelaide
Craig Farley
Valuer
Adelaide
Stephanie Costi
Valuer
Adelaide
Mark Robins
State Director SA
Adelaide
William Simmonds
Valuer
Hobart
Leon Sleiters
Valuer
Hobart
Harry Chapman
Valuer
Launceston
Harry Chapman
Valuer
Launceston
Joe Stansfield
Regional Director - Tasmania (North)
Launceston
David Duffield
Regional Director - Tasmania (South)
Hobart
Alexandra Churches
Regional Director - Victoria
Bendigo
Quentin Churches
Associate Director
Bendigo
Patrick Monaghan
State Director - Regional Operations Victoria
Gippsland
Nick Funnell
National Director - Asset Advisory
Melbourne
Damien Stone
State Director Residential - Victoria
Melbourne
Mitchell Fraser
Senior Valuer
Busselton
Felicity Graham
Senior Valuer
Bunbury
Daniel Horan
Valuer
Perth
Curtis Borszeky
Senior Valuer
Perth
Rachel Kendall
Valuer
Mandurah
Michael Sinclair
Valuer
Perth
James Sholdas
Associate Director Valuations
Perth
Tom O’Sullivan
Associate Director Valuations
Perth
Kate Bingham
Associate Director
Perth
Ben Lamers
Director Acumentis Advisory
Perth
Aaron Hughes
Regional Director
South West WA
Scott Robinson
Regional Director
Mandurah
Richard Graham
Regional Director - South West
Bunbury
Mark Eaton
Regional Director
Albany
Damien Schifferli
Regional Director - South West WA
Busselton
Nathan King
National Director – Advisory, State Director – WA Operations
Perth

Depreciation Schedule Canberra FAQs

The Australian Taxation Office (ATO) allows investment property owners to claim deductions on the fair wear and tear on an investment property and its fittings. Tax depreciation is essentially a non-cash deduction. You don’t necessarily have to directly incur the expense to be able to claim tax deductions, you can inherit deductions upon acquisition of the property (different rules apply for residential properties purchased post 9 May 2017). Tax depreciation is split into two categories; Division 43 Capital Works Allowances (the building itself) and Division 40 Plant and Equipment (eg. carpets, blinds, A/C, ceiling fans etc.)

Tax Depreciation helps; 

  • Reduce your taxable income which results in more cash in your pocket 
  • Increase your cash flow which could enable you to buy your next investment property sooner 
  • Provide a greater financial return for your investment supporting your financial freedom  

Division 43 Capital Works Allowances (the building itself) – bricks, roof, framing, windows, doors, plaster, kitchen cabinetry. 

Division 40 Plant and Equipment (carpets, blinds, A/C, ceiling fans, kitchen appliances etc). 

In residential division 40 is only allowed on new properties, or assets purchased by the current owner as new if the property settled post 9 May 2017. You are not allowed to claim a division 40 deduction for second-hand assets when the property settled or became income producing post 9 May 2017. 

Anyone who owns an income producing property. Tax depreciation is not available on your home/primary place of residence (PPOR). 

Depreciation tax deductions are available to residential property investors whose investment property was built after 15 September 1987, commercial properties when built after 20 July 1982 and any refurbishments/renovations/improvements from 27 February 1992. Owners do not have to know when these works were undertaken -- this is researched by the tax depreciation provider who is qualified to estimate construction costs and asset values. Plant and equipment depreciation is also available on all new buildings and all existing properties when purchased prior to 10 May 2017. In summary, 99.9% of investment properties will be entitled to some form of depreciation deduction.

Yes, the structure of an investment property has an effective life of 40 years and tax depreciation can be claimed on an investment property that was built post-September 1987. Another tip that could save investors thousands is that their Accountant can help claim tax depreciation retrospectively, amending up to the past two financial year tax returns and making the most of depreciation deductions that may have been lost through not claiming. It is completely legitimate and the ATO actually encourages people to do this. 

Yes, and this is where Quantity Surveyors can add serious value with a rental property depreciation schedule. It does not matter if the works were undertaken by a previous owner. When an investment property is purchased the property investor has also purchased the entitlement to make a depreciation claim on all of the property’s improvements.

Most houses 10+ years old will have had works done. The most typical being: 

  • Bathroom – commonly worth up to $25,000 
  • Kitchen – commonly worth up to $30,000 
  • Floor & Wall Tiles – commonly worth up to $10,000 

On a 10-30 year old property there is $65,000 right there which could be detailed in a tax depreciation schedule. 

If a client is about to renovate an investment property it may be worth recommending a pre-renovation inspection. This inspection allows a Quantity Surveyor to identify what assets or capital works are going to be demolished or thrown out. Value can be assigned to these assets and they can be written off as an immediate tax deduction. A pre-renovation inspection and ‘scrapping report’ can save thousands which can offset the loss made through the renovation period. 

Quantity Surveyors are recognised by the Australian Taxation Office (ATO) as the most suitably qualified professional to estimate the depreciable expenditure spent on the property prior to its purchase, as well as the value of the fittings and equipment within the property.  In accordance with ATO Tax Ruling 97/25, if a residential investment property, for example, was constructed after September 1987 and/or construction costs are unknown, a registered and qualified Quantity Surveyor must be engaged to produce a commercial or residential tax depreciation schedule. Unfortunately, an Accountant cannot do this for investors. 

Our investment property depreciation schedules start from $600 + GST.

We’ll provide you with one tax depreciation schedule that lasts up to 40 years of claim and the fee is 100% tax-deductible. We can also undertake a retrospective tax depreciation schedule if you haven’t been claiming deductions so that you don’t miss the tax benefits for your commercial or residential investment properties.

To find out how much a depreciation schedule costs for your property, add the details using the link below to receive your instant price guide.

INSTANT PRICE GUIDE

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