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 an ATO recognised Tax Depreciation Schedule, investors can claim thousands of legitimate tax dollars back on their investments, conserving their cash flow and safeguarding their future.

Schedules can even be backdated so investors can claim up to 4 years of ‘lost’ depreciation!

Depreciator has an Australia wide network of Quantity Surveyors and appropriately qualified people. They supply Tax Depreciation Schedules to one of Australia’s largest accounting groups and two of Australia’s largest real estate groups. Their service is cost effective and efficient.

What are the benefits of using Depreciator?

• The fee is 100% tax-deductible. And if you pay by June 30, you can claim it back almost straightaway.

• Depreciator specialises in Tax Depreciation Schedules. This ensures that you receive the maximum tax-deductible depreciation you are entitled to.

• Depreciator provides a comprehensive report that sets depreciation entitlements on a yearly basis for 20 years - saving you money for the next 20 years!

• The Tax 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.

• There is even a guarantee! – “If Depreciator can’t find more depreciation than their fee in the first full year, the Schedule is free.”

• The Schedule is transferable to future buyers if the property is sold.

• The Schedule has calculations for both the Prime Cost and Diminishing Value methods so you and your accountant can select the most tax-effective strategy.

Who is Depreciator?

Depreciator is a Quantity Surveying company whose sole focus is the preparation of Tax Depreciation Schedules for individual investors. They cover all capital cities and many regional areas.

Their specialist skills ensure that clients receive the maximum depreciation allowable on their investment properties.

How do I order a depreciation schedule?

Easy. You can make an on-line enquiry and get a quote. Go to the online enquiry form by clicking here. If you have any queries, a comment can be entered into the form and a Depreciator representative will call.

How long does it take to receive a Tax Depreciation Schedule?

It usually takes 2 weeks to complete the Schedule. Naturally, if there are tenants residing at the property, their cooperation is essential.

There may also be an extended turnaround time if Depreciator needs to travel to a remote area.

How much does it cost?

A comprehensive Tax Depreciation Schedule, which provides up-to-date depreciation information for the next 20 years, costs $715 (GST inclusive). This amount is 100% tax deductible.

Note : The only time this fee will vary 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. In the event of a furnished property, Depreciator may ask supply costs for some items. For extensive loose furniture valuations there may be an additional fee. Any variations will be discussed at the time of booking.

How much money can you claim?

How much you can claim as a tax deduction depends on your individual tax situation.

Below are some samples of actual depreciation schedule summaries:

Do I need to provide much information?

No. Depreciator specialises in depreciation and is able to accurately estimate the cost of ‘capital works’ as well as depreciable assets. This means no receipts, plans, photos or sketches and most importantly, no hassles!

Doesn't depreciation only apply to new buildings?

Any building where construction started after 18 July 1985 qualifies for the 'Special Building Write-Off'. That means you can depreciate the original cost of construction. Plus, for all buildings, there are a host of depreciable assets like hot water systems, blinds, floor coverings and stoves that may be depreciated.

Can renovations be depreciated?

Yes. The 'Special Building Write-Off' can be claimed as long as the renovations were undertaken after 26 February 1992. Investors can also claim Architects and Engineers Fees. Structural inclusions such as retaining walls and sealed driveways, if undertaken after this date, can also qualify.

“I bought a run down 70's unit as an investment property and renovated it. I was aware I needed a depreciation schedule and rang around various places. I had one done by another company but was not happy at all with their service and result. My adviser suggested I try Depreciator and I thought their service was excellent - very informative and personal. They were thorough and I was very pleased with the service and result and since, I have recommended Depreciator to several friends.”
Allison Quach (bought a 2 bedroom 1970’s unit – recently renovated)

”It was my adviser who suggested I get a depreciation schedule done, but it took me ages (and lots of phone calls) to find someone to do it. I was relieved when I finally found Depreciator – they arranged everything over the phone and I didn’t even have to leave home. I also appreciated the fact that they took the time to explain things - the service seemed very personal. And the guaranteed return far outweighs the initial cost. I didn't know much about depreciations schedules before, but I've told other people about them since.”
Melanie Withers (bought a 6-year old, 3 bedroom home)

”After purchasing this property mid-2000, we completed a quick $13,000 rejuvenation and brought in Depreciator to do a Tax Depreciation Schedule. Our property was almost cash flow positive and a depreciation schedule tipped it over the edge. We were amazed at how much we were able to claim - $8,457.00 in the first year using the Diminishing Value Method. Their schedule also included $11,000 of low value items, one of which was an allowance for the front door mats! We found Depreciator very pleasant and professional to deal with and have since recommended them to several colleagues and friends who are property market investors.
Glen Ryan and Rosy Ward (bought a 8 year old 3 bedroom apartment, warehouse conversion)