Tax Depreciation | 7 min read
Tax depreciation FAQ for Australian property investors
Tax depreciation is valuable, but it is also technical. These answers give investors a clearer starting point before requesting a report or speaking with their accountant.
The key terms
Tax depreciation schedule, depreciation report and quantity surveyor depreciation report are often used to describe the same practical document.
The schedule estimates and organises eligible depreciation deductions for an income-producing property.
Capital works and plant
Capital works generally relate to construction expenditure and building structure. Plant and equipment relates to eligible depreciating assets.
A good schedule separates these categories clearly so your accountant can apply the appropriate rules.
The role of the quantity surveyor
The quantity surveyor estimates construction costs, identifies relevant building components and prepares the schedule in a way that supports tax reporting.
For investors, the goal is a defensible, accountant-ready report rather than generic depreciation advice.
FAQs
Common questions
Who needs a tax depreciation schedule?
Property investors and owners of income-producing property should consider one where eligible building or asset deductions may exist.
How long can a schedule be used?
A schedule can often be used across multiple years, subject to property changes, new works and accountant advice.
Does BWK Group work Australia-wide?
Yes. BWK Group prepares depreciation reports across Australia where the property information and report scope are suitable.