Tax Depreciation | 5 min read
Can I back-claim tax depreciation?
If you have owned an investment property for several years without a depreciation schedule, it may be worth asking your accountant whether prior-year deductions can be reviewed. A quantity surveyor report can help identify eligible capital works and asset information so your accountant has clearer records to assess what may be available.
When this question matters
This question often arises before tax time, after purchase, after renovation or when an accountant asks whether a depreciation schedule is worthwhile.
A professional depreciation schedule can help identify eligible capital works and plant where applicable, then present the information in a format an accountant can use.
What a quantity surveyor should consider
The review should consider property type, construction age, purchase timing, renovation history, fitout, common property and available records.
That context helps reduce the risk of missed deductions or unsupported assumptions.
How BWK Group can help
BWK Group can confirm whether the property is likely to justify a depreciation schedule and what information is needed to prepare it properly.
If you are not ready to proceed, request sample reports or use the checklist to understand what the final schedule can include.
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
Is this relevant before ordering a report?
Yes. It helps investors decide whether to request a quote, gather documents or ask their accountant for input.
Can BWK Group help with this?
Yes. BWK Group prepares tax depreciation schedules for residential, commercial and mixed-use investment property where the scope is suitable.