Obtain your depreciation schedule in 3 easy steps with Duo Tax!
Commercial properties can claim depreciation for older properties when compared to residential. Both the building and existing fit-outs for both the landlord and the tenant can be claimed. Owner-occupied business premises can claim depreciation unlike residential investments. Changes to legislation regarding depreciation on equipment has no effect.
Residential properties are eligible for claims of depreciation regardless of their age*. Capital improvements that include renovations, extensions and granny flats, can be depreciated regardless if they were built by you or prior owners. Plant and equipment including stoves and ovens, can also be depreciated by you regardless of whom installed the units*. Duo Tax has produced thousands of tax depreciation schedules for investors Australia-wide to ensure your deductions are maximised and ATO-complying. Only one report is required for you to make claims of depreciation for up to 40-years.
*Relevant for properties purchased prior to the 10th of May 2017
NATIONWIDE DEPRECIATION PROVIDERS
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Approved by the ATO and the choice of thousands of accountants Australia-wide
Complete 40-year diminishing and prime-cost depreciation schedules
Includes capital loss schedule to reduce your capital gains tax