In many cases, yes. The Australian Taxation Office recognises Quantity Surveyors as appropriately qualified to prepare tax depreciation schedules when construction costs or asset values are unknown or incomplete. This is common for both residential and commercial investment properties in Adelaide.
Engaging a Quantity Surveyor helps ensure depreciation is calculated in line with current tax laws and based on accurate estimates. While Quantity Surveyors' fees apply, these costs are generally tax deductible and may be outweighed by the potential tax savings identified through correctly claimed depreciation.
A professionally prepared schedule can also support longer-term planning, including budgeting for maintenance and sinking funds, while providing tax depreciation schedules Adelaide property owners trust for ongoing tax reporting.