Duo Tax Quantity Surveyors Parramatta
As the highest Google and Facebook-rated Quantity Surveyor team in Parramatta, NSW, we provide the most accurate and thorough 40-year tax depreciation schedules for your residential or commercial investment property in the Parramatta area.
Duo Tax Quantity Surveyors, based near Parramatta, is a leading provider of tax depreciation services for property investors in the area and beyond.
As a property investor, it’s crucial to understand the importance of tax depreciation and how it can significantly impact your financial returns.
So, by engaging the services of a qualified quantity surveyor like us, you can ensure that you’re claiming all the depreciation deductions you’re entitled to, maximising your tax savings and increasing your cash flow.
What Exactly Is Tax Depreciation?
Tax depreciation is a non-cash deduction that allows property investors to offset the decline in value of their investment property and its assets over time.
There are two main types of depreciation:
- building allowance, which relates to the structure of the property itself; and
- plant and equipment depreciation, which covers the property’s fixtures and fittings.
By claiming these deductions, investors can reduce their taxable income and, consequently, their tax liability.
Why Choose Duo Tax Quantity Surveyors Parramatta?
At Duo Tax Quantity Surveyors in Parramatta, we pride ourselves on our expertise and experience in the industry.
Our team of qualified quantity surveyors has a deep understanding of tax depreciation legislation. We stay up-to-date with the latest changes to ensure our clients receive the most accurate and comprehensive depreciation reports.
We are committed to providing timely service and quick turnaround times, ensuring that you can start claiming your deductions as soon as possible. Plus, we offer competitive pricing, excellent value for money, and exceptional customer support.
Services You Can Trust
Our services include residential and commercial tax depreciation schedules and updates to existing schedules to account for renovations or improvements. We also offer consultation and advice on how to maximise your tax depreciation benefits, helping you make informed decisions about your investment property.
The Duo Tax Difference
Our commitment to accuracy and attention to detail sets Duo Tax apart. We conduct thorough site inspections to ensure that every deductible item is accounted for, and we use the latest technology to obtain precise measurements and calculations.
Our clients benefit from ongoing support and advice for the life of their investment property, and we even offer a complimentary review of your previous tax returns to identify any missed deductions.
How Our Quantity Surveying Process Works
Our process begins with an initial consultation, property assessment, and a comprehensive site inspection in Parramatta alongside data collection.
Our team then prepares a detailed depreciation schedule, which is delivered to you along with an explanation of our findings. We provide ongoing support and advice to ensure that you maximise your depreciation claims year after year.
Are You Eligible for Tax Savings You Didn’t Know About?
Maximising your tax depreciation claims can result in significant tax savings and increased cash flow. This, in turn, can improve your overall return on investment and allow you to invest in additional properties or pay off loans faster.
Effective tax depreciation management also contributes to better financial management and budgeting.
Why Act Now?
It’s important to remember that the sooner you start claiming depreciation, the more you can save over the life of your investment property.
Unclaimed deductions cannot be recouped retroactively, so engaging a quantity surveyor as soon as possible ensures you’re taking advantage of all potential savings.
Get Started Now
If you’re ready to order your property tax depreciation schedule, contact Duo Tax Quantity Surveyors in Parramatta today for a free consultation. Our team of experts will be happy to discuss your specific needs and provide a tailored solution to help you achieve your investment goals. Don’t miss out on the opportunity to significantly boost your tax savings and improve your cash flow – take action now and experience the Duo Tax difference for yourself.
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.
FAQs
A tax depreciation schedule is a detailed report that outlines the depreciation deductions you can claim on your investment property. It includes a breakdown of the building allowance and plant and equipment depreciation, as well as the estimated deductions you can claim each year over the life of the property.
Quantity surveyors are recognised by the Australian Taxation Office (ATO) as qualified professionals who can assess the value of your investment property and prepare a compliant depreciation schedule.
We have the expertise and knowledge to ensure you claim all the deductions you’re entitled to, boosting your tax savings.
The cost of a depreciation schedule varies depending on the type and size of your investment property and the complexity of the assessment. At Duo Tax Quantity Surveyors in Parramatta , we offer competitive pricing and excellent value for money.
Contact us for a free quote tailored to your specific needs.
Ideally, you should engage a quantity surveyor to prepare your depreciation schedule as soon as possible after purchasing your investment property. This ensures you can start claiming deductions from the first year of ownership. However, getting a depreciation schedule is never too late, as you can still claim unclaimed deductions in future tax returns.
Yes, you can claim depreciation on older investment properties. While the building allowance may be limited for properties constructed before 1987, you can still claim depreciation on the plant and equipment assets within the property. A quantity surveyor can assess your property and provide you with a detailed depreciation schedule, regardless of its age.
The time it takes to prepare a depreciation schedule depends on the property’s complexity and the information availability. At Duo Tax Quantity Surveyors Parramatta, we pride ourselves on our quick turnaround times and efficient service.
We can usually deliver your depreciation schedule within days of conducting the site inspection.
Yes, you can claim depreciation on renovations and improvements to your investment property. If you’ve recently renovated your property, it’s important to update your depreciation schedule to ensure that you claim all the deductions you’re entitled to. Our team can assist you with this process and update your schedule.
You should update your depreciation schedule whenever you make significant changes or improvements to your investment property. This ensures that your schedule remains accurate and up-to-date and that you claim all the deductions you’re entitled to. We recommend reviewing your schedule every 3-5 years or after any major renovations.
Yes, you can claim depreciation on your investment property even if you use it for short-term rentals. The same rules and regulations apply, and you can claim deductions for the period the property is available for rent. Our team can provide you with advice and guidance on how to maximise your deductions in this scenario.
Getting started with Duo Tax Quantity Surveyors in Parramatta is easy. Simply contact our team for a free consultation, and we’ll discuss your specific needs and provide you with a tailored solution. We’ll guide you through the process, from the initial assessment to the delivery of your comprehensive depreciation schedule, ensuring that you leverage your tax depreciation benefits.
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
