Investment Property Depreciation Schedule

How an Investment Property Depreciation Schedule can help you pay less tax

If you own an investment property and you haven’t had it professionally assessed for depreciation allowances, chances are you’re paying too much tax.

Aintree Group have a partnership with award-winning accredited experts, Washington Brown, to help you calculate exactly how much you can save through a Tax Depreciation Schedule.

What is a Tax Depreciation Schedule?

A depreciation schedule is a comprehensive, ATO-compliant report that ultimately helps you pay less tax and increase the cash return on your investment property. It identifies every possible tax deduction available, including ones that may have been previously missed.

Just like you claim the wear and tear on a car purchased for income producing purposes, you can also claim the depreciation of your investment property against your taxable income.

This means that you can claim a yearly tax deduction for the depreciation of structural elements (like bricks, windows, concrete etc) and in some cases on the non-structural items such as ovens, dishwashers, carpet and blinds.

How does claiming Tax Depreciation benefit you?

Claiming the figure shown in your Depreciation Schedule for a particular Financial Year reduces your taxable income by that amount for that year.

What kind of properties are eligible for deductions?

  • Brand new property
  • Property built after 1987
  • Property built before 1987, that has been rennovated by previous owner or yourself
  • Commercial / Industrial Property, including Commercial Tenants
  • Australian Investment Property located outside of Australia, where the owner pays tax in Australia
  • Overseas Investment Property where the owner pays tax in Australia

Get your own Depreciation Schedule

To receive a free estimate of the likely deductions available (and a discounted quotation for Tax Depreciation services if proceeding with a report is of benefit to you), click below and complete the webform form, or contact your Aintree Group advisor directly for more details.

About Washington Brown

With over 40 years’ experience, Washington Brown are Australia’s tax depreciation experts. They prepare over 10,000 detailed, ATO compliant tax depreciation reports a year and have never once had our figures rejected by the ATO.

Aintree Group’s partnership with Washington Brown allows our clients to access a free quote and discounted report.