Duo Tax Quantity Surveyor Ballina, NSW
Ballina’s premier quantity surveyors providing you with accurate 40-year tax depreciation schedules for property investors who want to minimise their taxes and maximise their investments.
Make the most of your tax deductions and reduce your taxable income with a Duo Tax depreciation report. Our team of quantity surveyors and registered tax agents in Ballina will provide you with accurate quotes for residential and commercial properties based on your needs and budgeting requirements, so contact us today!
We specialise in helping investors understand the ins and outs of depreciation deductions on investment properties. With over 30 combined years of experience and a nationwide presence, we focus on the most aggressive form of tax depreciation, which means more cash in your pocket.
The Australian Tax Office (ATO) has recognised our quantity surveyors in Ballina as one of the few expert professionals qualified to compile tax depreciation reports for residential and commercial investment properties.
We are committed to providing you with accurate, reliable and timely quantity surveying services that will help you pocket more cash from your investment property.
With Duo Tax quantity surveyors on your side, you won’t have to worry about missing any deductions or overlooking anything important when it’s time to lodge your tax return and claim your depreciation deductions.
As avid investors ourselves, we want nothing more than investors to be able to take full advantage of their tax depreciation claim and get the most back from their property investment.
Serving all Ballina suburbs and surrounds, including Wollongbar, Alstonville, Lennox Head, Wardell, Lynwood, Fernleigh, Pearces Creeks, Knockrow, Empire Vale, Cumbalem, Coolgardie, Bagotville, Uralba, Tintenbar and Pimlico, our local quantity surveyors can help you claim tax depreciation deductions.
What is Property Tax Depreciation?
As a building gets older, its structure and its assets are subject to general wear and tear. In other words, each year, the value decreases and thus, depreciates. When it comes to your investment property, these items are classified as either Plant and Equipment assets or Capital Works assets.
The ATO allows property investors, who generate income from their investment property, to claim the property depreciation as a tax deduction.
Division 43 Deductions refers to the deductions you can claim in relation to the property’s building structure. The effective life of the building structure of any residential or commercial property is 40 years. This means that you can claim deductions for depreciation over 40 years, provided that you’re generating an income from the property.
This also applies to construction costs for any improvements or expansion of the building.
The term “plant and equipment” refers to the fixtures and fittings found within the building and are generally easily detachable from the property.
The rate at which plant and equipment fixtures depreciate depends on the ATO’s Asset Effective Life Schedule, which gives guidance on how long an asset is effective before it’s worn out. The ATO recognises more than 6,000 different assets that investors can claim tax deductions on.
Claiming tax depreciation on investment properties involves identifying its value, estimated construction costs, and fittings and fixtures. A tax depreciation report is a comprehensive report detailing how much depreciation you can claim on your investment property to pay less tax.
The tax depreciation report document is typically prepared by a professional quantity surveyor, who will inspect your investment property and assign a value to each asset.
Why Choose Duo Tax Ballina for your Property?
We offer expertise in NSW by assessing tax depreciation deductions for investment properties that are new, old, renovated, completely refurbished or for commercial fit-outs.
We have experience in depreciation schedules for all building types, including construction, residential and commercial projects.
All of our reports are ATO compliant, and we’re an affiliate member of the Australian Institute of Quantity Surveyors (AIQS) – the nationally recognised professional body for Melbourne quantity surveying.
Our free online rental property depreciation calculator will give you a rough estimate of your project and its cost, potential savings and cash return.
Qualified Quantity Surveyors
Our reports provide up to 40 years of depreciation where applicable and we’ll even retrospectively help you claim on previous years you missed out on.
We’re Australia’s highest-rated Quantity Surveyors. Our Quantity Surveyors have served over 50,000 happy property investors.
With over 50 combined years of experience and a nationwide presence, our Duo Tax process focuses on the most aggressive form of tax depreciation.
We offer immediate and accurate over the phone estimates and have an average turnaround time of 5 business days.
Our Reports
- Simple, easy-to-read and results focused
- ATO Compliant and the choice for thousands of accountants and advisors Australia-wide
- Complete 40-year diminishing and prime-cost depreciation schedules where applicable
- Includes capital loss schedule to reduce your capital gains tax
