Tax Depreciation | 5 min read
Can my accountant update my depreciation schedule, or do I need a quantity surveyor?
Accountants and quantity surveyors play different roles. If your property has changed, the question is whether your accountant has enough current, properly classified information to use.
Your accountant applies the tax position
Your accountant prepares the return, applies tax advice and considers your ownership structure, income, expenses and wider tax position.
If your existing schedule is current and the changes are minor, your accountant may be able to handle the information directly.
You should always rely on your accountant for tax advice specific to your circumstances.
A quantity surveyor prepares or updates the property report
A quantity surveyor helps identify construction costs, capital works, eligible assets, report assumptions and depreciation schedules for property improvements.
This becomes important when renovations, extensions, fitout, common property works or asset replacements are not already covered in the existing report.
A current schedule gives your accountant structured information to apply.
The best outcome is usually coordinated
For material property changes, the practical sequence is simple: gather records, ask BWK Group to review the report pathway, then send the updated report to your accountant.
That reduces guesswork and keeps each adviser working in the right lane.
It also helps referral partners identify when a client needs extra property information before tax lodgement.
Next step
Want to see what a professional report includes?
If you are not ready to request a quote, request sample report formats first. You can review the structure, assumptions and level of detail before deciding which report is right.
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FAQs
Common questions
Can my accountant prepare a depreciation schedule?
Your accountant can apply the depreciation information, but construction cost estimating and schedule preparation commonly require quantity surveying input.
Should my accountant see the updated report?
Yes. The updated schedule should be provided to your accountant so they can apply it to your circumstances.