Duo Tax Quantity Surveyors provides both methods of depreciation in our tax depreciation schedules (where applicable). These are: Diminishing Value Prime Cost These methods use different calculations to determine how quickly the items in the property are depreciating. You are free to use either method but you are unable to switch between the two

Quantity Surveyors are considered economists of the building sector. As accountants are unable to determine the cost of construction, it is then left up to the quantity surveyor to provide these estimates of cost. Naturally then, they are in the best position and are trusted to provide reports. These reports are accepted by Quantity

Fortunately not, our tax depreciation schedules will last the full 40 years of depreciation (where applicable). So, you only need to purchase one for each investment property you own. We make sure to capture all the depreciation available to you. If you have lost your schedule, email us and we can send you another copy.

The Federal Government legislated new laws for properties purchased after the 9th of May 2017 that ultimately affect depreciation claiming for second-hand plant & equipment (division 40).* Brand new properties rented immediately are not affected. The plant & equipment in a property must now be brand new and never used before (and the property rented