​Property Tax Depreciation

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If you own a rental property it is highly likely* that you are entitled to property tax depreciation.

IPI Norwest can help to prepare a property tax depreciation schedule which is then provided to your accountant at tax time. A tax depreciation schedule is a document  that allows your accountant to maximise your tax benefit on any investment property. 

There are many benefits to landlords of a tax depreciation schedule. The money saved by the schedule can go towards periodic maintenance, renovations and improvements, all of which can help to add value to the property and obtain higher rental returns. 

According to the ATO, approximately 52% of property investors don't claim all their available deductions. This means you could be missing out on money which is available to you. 

We work with only the best! Only a Qualified Quantity Surveyor who is also a registered Tax Practitioner with the Tax Practitioners Board can produce a Tax Depreciation Schedule for you. Let IPI Norwest help you to make the most out of your investment. 


*Properties constructed prior to July 1985 cannot claim building depreciation. Renovations done to properties built prior to July 1985 can be claimed.