To help our Brisbane property investor clients boost their tax benefits and overall investment strategies we prepare property Tax Depreciation Schedules.

Depreciation is a reduction in the value of an asset over time due to wear and tear. At tax time you can claim this wear and tear on assets purchased for income-producing purposes as a deduction on your Brisbane property.

Claiming depreciation allowances on your tax return helps you to maximise the return on your investment property and produce a healthier cash flow. It’s an invaluable component of a smart Brisbane property investor’s strategy. As a leading Brisbane buyers agent it’s a service we are proud to offer our clients.

How Is a Depreciation Schedule Prepared?

At Brisbane Buyer’s Agency we prepare a Tax Depreciation Schedule by doing a detailed site inspection, taking photographs and inspecting, measuring and quantifying buildings and plant. We prepare your Depreciation Schedule which sets out:

• the depreciation allowances you, as an investor, can claim on their property. This includes Prime Cost and Diminishing Value calculations so that you can select the optimum claim
• Division 43 Construction Allowance and Structural Improvement Allowance, which includes building fees, architectural and other professional fees, associated with the cost of construction
• Tax Depreciation Claim Summary that neatly summarises all the necessary information. It also includes adjustments for part-year claims, so that your accountant spends less time preparing your return.

You then give your Tax Depreciation Schedule to your accountant to prepare your tax return.

To ensure you can reap the most rewards we keep up to date with the continually changing legislation related to construction and depreciation claims.   Our Tax Depreciation Schedules are prepared in accordance with the current legislation.

Our experience

Prior to establishing Brisbane Buyers’ Agency Paul Palella founded quantity surveying firm Property Wealth Australia. At Property Wealth Paul helped thousands of property investors maximise the return on their property investment through the provision of Tax Depreciation Schedules.

Choose the Schedule that Suits Your Brisbane Property

We offer a range of Tax Depreciation Schedules to accommodate the different types of investment properties available.

Streamline Plus 

The Streamline plus report is a Tax Depreciation Schedule for property investors with houses and units (residential and commercial). This schedule includes built-in items such as cooktop, oven, rangehood, hot water system, carpets etc. It excludes loose furniture items.

The report includes depreciation allowances and detailed photos of the buildings and internal plant included. In case of an audit by the ATO, detailed photographic records of your built-in fixtures and fittings will play an important role to streamline the audit process, saving your tax agent time and consequently you money. The Schedule includes built-in items such as cooktop, oven, rangehood, hot water system, carpets etc. It excludes loose furniture.

Loose Furniture, Fittings & Contents

This Tax Depreciation Schedule itemises all loose furniture and fittings in a house or unit. We include depreciation allowances and detailed photographic records of your fixtures and fitting.

Plant & Machinery – commercial buildings 

This tax depreciation schedule itemises all loose plant and machinery. We include depreciation allowances and detailed photographic records of your plant.

Commercial, Industrial, Retail – Non-strata titled 

This tax depreciation schedule itemises all items of plant, machinery and construction allowance for NON strata titled buildings. We include depreciation allowances and detailed photographic records.

Happy Clients

David Khokhar 

It is a testament to Paul and his team that I was able to obtain such outstanding returns on my investment properties and with the added security of an included photo registry of assets I have more than enough information to provide to the ATO should I be targeted for a tax audit. The depreciation report experience was completely straightforward and painless even though it was performed whilst I was interstate and as such I have no hesitation in using or recommending Paul’s services for any depreciation requirements in the future. 

Angelo Catalano 
Wallace Group 

I am pleased to confirm that I have been engaging the services of Paul Palella and his Company for over 8 years predominantly for the preparation of Tax Depreciation Schedules and plant and equipment appraisals.

The service has always been conducted in an extremely professional manner. His depreciation reports are continuously steadfast, a testament to the amount of effort that Paul and the team put in.

I am happy to advise that the tax depreciation reports prepared by Property Wealth Australia Pty Ltd have passed Australian Taxation Office scrutiny, a reflection of the comprehensive reporting and sound valuation principals adopted by the firm.

I have absolutely no hesitation in recommending any of the services offered at Property Wealth.

Marty Allison 
Professional Investment Services 
I have been utilizing the consultancy services offered by Property Wealth Australia Pty Ltd for the past three (3) years.

In this time I have always found Paul to be a person who displays a high level of integrity and has a thorough knowledge of the subject matter he is involved with.

I will definitely continue to utilize his services into the future and have no hesitation in recommending Property Wealth to others.

Kaye Rowley