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About TaxShield Newsroom What is Property Depreciation? Report Feature About the Report Create a Property Depreciation Schedule Online
Frequently Asked Questions
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What is Property Tax Depreciation & Property Tax Allowances ?
If you own an Investment Property, you are eligible Under Division 40 & 43 of the Income Tax Assessment Act to claim depreciation on all Items of Plant contained within the property and secondly, if constructed after 1985, an allowance of either 2.5% or 4% is applicable on the construction cost, depending on its start date.
What are the benefits of getting a Tax Depreciation Schedule ? What happens if I get audited by the ATO ?
In obtaining a TaxShield Depreciation Schedule, it will maximise the amount of non-cash deductions you will receive in your Tax Return on your Investment Property.  A Tax Depreciation Schedule will differentiate between depreciable plant and the allowance available on the building works, and will provide a detailed analysis sufficient to satisfy strict ATO requirements.
Canít my Accountant do my Tax Depreciation Schedule ? Do I need a Professional Quantity Surveyor to assist in the preparation of my Tax Depreciation Schedule ?
Yes, an Accountant may assist, however under Division 40 & 43 of the Income Tax Assessment Act, the ATO encourages the Self-Assessment Scheme whereby the assistance of a Professional Quantity Surveyor is required in order to estimate accurate plant and building costs.
When do I have to get a Tax Depreciation Schedule on my investment property ? How long will the Schedule last ?
Anytime after the date of purchase settlement and before the lodgement of the your next years Tax Return.† Using TaxShield, your Tax Schedule will summarise your allowance for the lifetime of your Investment Property.
What is the cost of TaxShield ? How long will it take for me to get my Schedule ? What happens if I have a problem with the service ?
For a comprehensive TaxShield Schedule, a fully tax-deductible investment of only $250 +GST is required.† This can be simply, quickly and affordably produced online and supported†by Professional Quantity Surveyors, with a guaranteed return to you within 48 hours of submission.† For any queries or immediate assistance, please email us at or call our National Hotline on 1300 780 892.
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