SMSF Trustees investing in real estate are entitled to claim depreciation on Capital Works and Plant and Equipment similarly to investment properties held under an individual or joint ownership structure.
When optimising the return of your SMSF, investors must consider all tax benefits available as the advantage in cash flow can compound significantly prior to the release of super funds. It is crucial to prepare a tax depreciation schedule which is designed to last the lifetime of the property so the trustees can take advantage of additional funds/cash flow benefits.
This is not tax advice but general information and requires the assistance of a SMSF expert. Speak to your SMSF advisor for the most suitable advice as each scenario is unique. Duo Tax Quantity Surveyors can project the estimated yearly claim of your property for the SMSF trustee or advisor to make an informed decision on achieving the highest return possible.