What are Property Tax Allowances?

Property tax allowances, also known as tax depreciation, can be of great benefit to property investors by reducing the tax they pay on their assessable income.

A number of property tax allowances are available to property investors, including allowances for the building, structural improvements and depreciation on fixtures and fittings.

Property Investments

The Australian Tax Office (ATO) specifies that a qualified professional should prepare Tax Depreciation Schedules. According to the ruling Quantity Surveyors are stated as the appropriately qualified professionals.

It is important to use a Quantity Surveyor who specialises in tax depreciation, due to the ongoing changes to the legislation regarding investment properties. Thus by having a quantity surveyor prepare your depreciation schedule, you are maximising the amount of deductions from your investment and creating a much healthier cash flow.

KC Partnership, specialists in Tax Depreciation, can provide you the investor with a depreciation report for $440 Incl. GST with a quick turnaround of 2-3 weeks. This standard fee is for Residential properties, which are located in the Brisbane, Gold Coast and Sunshine Coast region.

Property Investors

Reduce the tax you pay on assessable income via Property Tax Allowances, otherwise knows as Tax Depreciation.

Gold Coast Property Depreciation
Form400GC [ .pdf]

Download Gold Coast Form Link

Sunshine Coast Property Depreciation
Form 350

Download Sunshine Coast Form Link

Brisbane Property Depreciation
Form 400Bris

Download Brisbane Form Link

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