A tax depreciation schedule is an Australian Taxation Office (ATO) complying document that helps property investors unlock the tax deductions available to them. A schedule captures the wear and tear of a building over time. The ATO classifies this wear and tear as an expense to investors which they are entitled to claim as a tax deduction.
A tax quantity surveyor is called upon to determine the wear and tear of these items and provide the tax depreciation schedule. Duo Tax Quantity Surveyors are Registered Tax Agents to provide the ATO complying document.
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