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Tax Depreciation

Tax depreciation schedules allow an investor to claim depreciation on any building that he owns as an investment. By having a Quantity Surveyor make the assessment the owner meets the requirements of the ATO. Generally we are able to increase the investors return by 20% when we are engaged to undertake this type of work.

For example,  a standard house built after 2000 is usually worth between $3,500.00 -$5000.00 per year in tax breaks. Older houses and units are also worth assessing if they have had alterations or refurbishing work undertaken in recent years.  Larger units that are fully furnished can have assessments worth up to $20,000.00.  However each property has to be individually inspected so an assessment can be made. The standard fee for houses and units is $550.00. Buildings and large units/ industrial buildings etc outside the main metropolitan areas are priced on application.
To qualify for these taxable allowances the building has to be built after 1985 (there are some exceptions).

As  Depreciation Specialists, Lloyd Carey Consultants complies precisely with ATO legislation whilst maximizing your tax benefits.

 

 
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