Depreciation schedules
Qualified quantity surveyors: the key to maximising depreciation benefits
When it comes to preparing depreciation schedules for your property assets, it’s essential to have the right professionals by your side. While many individuals turn to their accountants for this task, it’s important to understand that only qualified quantity surveyors are equipped to provide accurate and comprehensive depreciation schedules. At Greater Geelong Building & Pest Inspections, we are qualified quantity surveyors, ensuring that you receive the most accurate and valuable assessment of your property’s depreciable assets. Located in Geelong, we service the Bellarine Peninsula and the Surf Coast.
The process: depreciation schedule first, accountant second
The optimal approach to managing your property’s depreciation is to obtain a depreciation schedule before consulting your accountant. Accountants cannot prepare depreciation schedules. They can only work with the tax depreciation schedule provided by a qualified quantity surveyor. This proactive step of getting the tax depreciation schedule first can significantly enhance the efficiency of preparing tax returns and correct financial reports. At Greater Geelong Building & Pest Inspections, we specialise in creating detailed and professional depreciation schedules tailored to your specific property.
Our comprehensive tax depreciation schedule services
Our expertise extends beyond the ordinary. We understand that certain depreciable assets are often overlooked or neglected, leading to missed opportunities for tax savings. Here are some examples of how we can assist you in maximising the value of your depreciable assets:
- Scrapped items: If you’re planning a renovation and discarding assets, you may have one last opportunity to claim depreciation on these items. Ensure your quantity surveyor calculates the scrapping value before renovation begins.
- Design fees: Design fees can contribute to the capital value of an asset. We’ll help you include these fees in your depreciation calculations.
- Common property: Items like lifts, air conditioning units, and fire extinguishers within common property areas can have a depreciable value. While you can’t claim 100%, we’ll ensure you allocate the appropriate proportion for maximum benefits.
- Common outdoor property: From pathways and fences to pools and more, common outdoor property can also hold depreciable value. Our thorough investigation will help you identify and claim what’s rightfully yours.
Unlock your property’s full potential
Don’t leave valuable deductions on the table. Make the smart choice by partnering with Greater Geelong Building & Pest Inspections for all your depreciation needs. Our qualified quantity surveyors are here to assist you in obtaining the most accurate, comprehensive, and beneficial depreciation schedule possible.
Take action today. Call Greater Geelong Building & Pest Inspections to maximise the value of your depreciable assets. Don’t wait – unlock the full potential of your property investments with our professional guidance.
Qualified quantity surveyors are the linchpin in optimising your property’s depreciation benefits. Greater Geelong Building & Pest Inspections is proud to be your trusted partner in this process. Our comprehensive Depreciation schedule services go beyond the ordinary, ensuring you claim every deduction you’re entitled to. Don’t miss out on valuable tax savings – contact us today and discover how we can help you maximise the value of your depreciable assets in Geelong, the Surf Coast and the Bellarine Peninsula.
