Capital Allowance/Tax Depreciation
Under ATO legislation property investors are able to claim a non-cash deduction in relation to the building and plant and equipment items associated. This deduction can be claimed by any owner of an income producing property. This non-cash deduction is reduced from the property owners annual taxable income, therefore reducing the amount of tax paid.
Denary have over ten years experience in the production of Capital Allowance/Tax Depreciation reports which allows a premium service with every report undertaken, by offering the following services:
Site Inspection - Denary will co-ordinate with your property manager and/or tenants to arrange a time to inspect the property that is suitable.
Reporting - The depreciation report is prepared to last for the life of the property and is based from your settlement date. The reports are easy to read and can include any renovations and/or structural improvements that you have undertaken.
Data Collection - Denary will collect the required data to complete your report from the relevant authorities or organisations, for no additional costs.
Report Issuing - Your depreciation report can be issued either electronically or in hard copy. If required Denary can forward a copy directly to your accountant or financial advisers.
The Tax Agent Services Act (TASA) was introduced in 2009 to regulate companies providing Capital Allowance/Tax Depreciation reports. Companies and Quantity Surveyors have to be registered with the Tax Practitioners Board (TPB) to be qualified to provide this service.
Denary Quantity Surveying is registered with the Tax Practitioners Board to provide Capital Allowance/Tax Depreciation reports. Registered Tax Agent Number: 82394007