If you are the owner of an investment property, you might be missing out on valuable tax returns if you fail to correctly prepare a property tax depreciation schedule. Property depreciation reports can be prepared at any time of the year (even outside of the stressful tax period!) and it is always worthwhile to get a better understanding of your investments.
Many Australian investment property owners lack an understanding about the different types of property depreciation and this can cost you money! Realestate.com.au has prepared a great "Property Depreciation 101" guide that demonstrates the importance of investment property depreciation and how you can maximise your returns.
As the guide states, only Quantity Surveyors (and not your accountant) are properly qualified to make the appropriate estimate of construction costs, where those costs are unknown. This is where Madden and Associates come in! #TeamMadden are members of the Australian Institute of Quantity Surveying and have the education and experience to provide reliable figures for your property tax depreciation schedule.