Did you know, 81% of Australian property investors are not claiming their full tax deductions*!
Could you be one?
* Source: Depreciator
If you have an investment property, it can be depreciated. Think of it as ‘wear and tear’. Houses, units and commercial properties all qualify. Even older properties can be depreciated.
By using Depreciator, a member of the AIQS and recognised by the ATO as being appropriately qualified to prepare tax depreciation schedules, investors like you are claiming thousands of legitimate tax dollars back on their investments.
You can even backdate your schedule so you can claim up to 4 years of ‘lost’ depreciation – with interest paid by the ATO!
All you need to do is order a depreciation schedule and Depreciator does the rest!
What are the benefits of Using Depreciator?
- Depreciator specialises in depreciation schedules. This ensures that you receive the maximum tax-deductible depreciation you are entitled to.
- By decreasing the tax payable on your investment property, you can increase the cash flow of your investment and save money.
- Depreciator provides a comprehensive report that sets out your depreciation entitlements on a yearly basis for 20 years – saving you money for the next 20 years!
- The fee is 100% tax-deductible.
- The depreciation schedules are suitable for all types of property investors – companies, partnerships, trusts, individuals and couples.
- Hassle-free – all you need to do is fill in the online application form and Depreciator will take care of the rest.
- Guaranteed – if you do not get more depreciation than the fee in your first full year, your schedule is free.
- It is transferable to future buyers on your property sale.
- Depreciation values are based on a variety of calculation methods for depreciation – so your Count Adviser can select the most tax-effective strategy for you!
Who is Depreciator?
Depreciator is a quantity surveying company whose complete focus is depreciation schedules for individual investors. Their specialist skills ensure that you receive the maximum depreciation allowable on your investment properties.
How do I order a depreciation schedule?The process to order a depreciation schedule is hassle free and easy:
Enter your details and credit card information into the secure online application form. If you have any queries or do not wish to enter your credit card details*, a comment can be entered into the form and a Depreciator representative will call you instead.
*Once the credit card details are entered, you will be emailed a tax invoice for the 50% deposit amount that is taken at the point of booking.
If you entered your credit card details, you will receive a confirmation page, confirming your payment and submission details.
A Depreciator Representative will then call you to get specific property details and arrange access to your property.
How long does it take?
It usually takes 2 weeks to complete your report. However, if there are tenants residing at your investment property, it may depend on their availability.
There may also be an extended turnaround time if Depreciator needs to travel to a remote area.
How much does it cost?A comprehensive depreciation schedule, which provides you with up-to-date depreciation information for the next 20 years, costs $715 (GST inclusive). This amount is 100% tax deductible.
Plus, if you do not receive more depreciation in your first full year than Depreciator’s fee, your schedule is free!
Note: The only time this varies is if there are multiple residences (like a duplex or granny flat) or if Depreciator needs to send a quantity surveyor to a remote area.
How much money can I save?How much depreciation you can claim will depend on your investment property and a variety of tax rules.
However, below are some samples of actual depreciation schedule summaries:
New 2 bedroom townhouse – reasonable quality
Total claimed over 5 years: $41,829.61
Year 1 Year 2 Year 3 Year 4 Year 5 $9,447 $9,392 $8,315 $7,588 $7,087 New 2 bedroom CBD unit – furnished (a very up-market property)
Total claimed after 5 years: $79,382.97
Year 1 Year 2 Year 3 Year 4 Year 5 $21,005 $17,944 $15,192 $13,292 $11,950 Unit built pre-1985 with a $38,000 renovation done post-1992
Total claimed over 5 years: $11,473.15
Year 1 Year 2 Year 3 Year 4 Year 5 $2,979 $2,937 $2,236 $1,798 $1,524