A Tax Depreciation Schedule is used by your accountant to claim depreciation on a property. This schedule is 100% tax deductible. The depreciation on your property reduces your taxable income and makes you money.
Depreciation accounts for wear and tear. Like cars or computers, properties wear out. Furniture, carpet, stoves wear out; usually more so with people who don't own it - tenants.
A Depreciation Schedule from Accord Quantity Surveyors Sunshine Coast is 100% tax deductible. Bobby works with The Australian Tax Office's requirements to calculate this.
Quantity surveyors are qualified to estimate the construction costs of a building, the amount of wear and tear and the cost of renovating or fixing the depreciation.
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