Tax Depreciation Reports
Every property investor is entitled to claim depreciation on fixtures purchased with a building.
If the building was built after 1985 depreciation can also be claimed on the building itself.
An existing building may include dozens of items such as air conditoners and ventilation systems, carpets, curtains and blinds, kitchen renovations etc etc. These can all be depreciated for Income Tax purposes providing the claim is reasonable.
Making a reasonable claim is as simple as employing O'Connors Property Reports to inspect the building or unit.
Our inspector can independently identify all relevant items and apply standard, Tax Office approved, costs to those items and prepare are report you can use in your next Income Tax Return.
Tax Depreciation reports may be used by any taxpayer; individual, company or trust.
In almost every case the claim in the first year will be greater than the cost of the report.