Tax depreciation assessment methodology
BWK Group assesses each property individually to determine whether a remote assessment is appropriate or a physical inspection should be recommended.
The objective is to use an assessment method that supports a reliable and appropriately substantiated tax depreciation schedule.
How the decision is made
The Quantity Surveyor considers the nature and complexity of the property, its construction and renovation history, the information available and the ability to identify and substantiate relevant depreciation claims.
These matters are considered together. BWK Group's detailed assessment procedures, verification thresholds and internal review controls form part of our proprietary professional methodology and are not published.
Professionally assessed remote service
This service is completed without a physical site inspection where BWK Group determines that sufficient reliable information is available to prepare an accurate and appropriately substantiated tax depreciation schedule.
The assessment may use client-supplied material and other reliable information considered appropriate by the Quantity Surveyor.
Physical verification
A physical inspection is recommended where it is likely to materially improve the identification, measurement or substantiation of depreciable assets.
This may arise where the available information is insufficient or the property requires direct professional observation.
Professional context
Our approach has regard to relevant professional guidance and the obligations applying to tax depreciation services, including AIQS guidance, ATO requirements and the TPB Code of Professional Conduct.
These frameworks inform the standard of the work. The appropriate assessment method remains a matter of professional judgement based on the circumstances of the property and the evidence available.
Scope and service clarity
If the information available is considered insufficient, BWK Group may recommend an onsite inspection before finalising the schedule.
Where this materially changes the agreed scope or fee, the change will be explained and agreed with the client before additional work proceeds.
Not sure which service is appropriate?
Tell us about the property and we will explain the assessment option recommended for your engagement.
Request an assessmentRequest a quote
Send us the property details and tell us whether it is for tax depreciation, insurance/replacement cost, construction finance, or a progress claim. We will confirm the right report, required documents and expected turnaround.