Order a Tax Depreciation Report for your Investment Property

If you own an investment property, you must have a depreciation report on hand to maximise your legitimate tax deductions.

Rider Tax Accountants have collaborated with Duo Tax quantity surveyors to maximise your tax depreciation claim.  Click the button below and enter your property details and after the report is prepared, we will received a copy of the report that will be used to complete your tax return.
Order your report now
Claiming a deduction for new plant and equipment

Division 40 tax deductions will allow property investors to claim a deduction for new plant and equipment. These division 40 items are generally easily removable items installed in your investment property.

Examples of division 40 items include:

  • Air-conditioners
  • Fridges
  • Blinds
  • Hot water systems
  • Carpet
  • Light shades
  • Oven
  • Range hood and ventilation fans

Note you cannot claim division 40 deductions if the fittings are second hand or you live in the property before renting it out or you installed the new items while you lived in the property.

Claiming a Deduction for Capital Building Works

Division 43 tax deductions cover capital works such as the building and any major improvements. Capital works include:

a) Buildings or extensions
b) Alterations or improvements to a building
c) Structural improvements
d) Earthworks

Effectively you will be able to claim a tax deduction over the 40 year life of these capital assets but you will need a property quantity surveyor report.

Examples of capital works are :

  • Driveways
  • Fencing
  • Garage
  • Paint
  • Roofing
  • Tiling
  • Walls
  • Preliminary expenses such as surveying and engineering fees

Note, anything you buy for your investment property less than $300 you can claim deduction straight away. Check with Rider Tax Accountants because you may also also be able to claim a higher tax deduction if you add assets less than $1000 to a Low Value Pool (LVP).