Being proactive to claim you property depreciation
Timing is everything when it comes to property tax planning—and that includes depreciation reports.
Many Australian investors wait until June or July to consider ordering a tax depreciation schedule. However, there are key advantages to ordering sooner:
Why Order Early?
- Faster turnaround: Beat the end-of-year rush. Avoid delays.
- Maximise deductions: If your property was income-generating even part of the year, you can still claim.
- Backdated claims: You may be able to claim for up to 2 previous tax years.
Additionally, the first year of ownership often brings the largest deductions—especially if you’ve recently completed a renovation.
BWK Group provides fixed-fee, ATO-compliant depreciation reports across Australia. In many cases, you can order online without needing a physical inspection.
> Learn more about how BWK prepares your report: