Avail Your Property Tax Depreciation Rights with Property Returns

Do you own property that you want to rent out?

Well, the tax property depreciation are quite motivating if you intend to do so.!!

Along with that the, rental property investments offer tax depreciation deductions that can further reduce the income tax you have to pay on your earnings. However, to enjoy the benefits first you need to get a depreciation report prepared.

Although, various factors have to be considered before preparing a property depreciation schedule, and only an expert Quantity Surveyor has the knowledge and experience needed to prepare a comprehensive depreciation report. For this reason, the Australian Tax Office (ATO) has permitted only certified Quantity Surveyors to prepare property depreciation schedules for rental or investment properties.

If you are looking to get a tax depreciation report prepared then you have landed at the perfect place. Property Returns is a Quantity Surveying firm in Australia that specializes in preparing precise depreciation schedules for investment, rental and residential properties. With 30 years of industry experience, they have abundant knowledge to get the highest investment property depreciation.

Property Returns is physically present in every major Australian city including Sydney, Brisbane, Melbourne, Adelaide, Perth, Darwin, Central QLD, Cairns, and NSW, with its office. A professionally trained staff operates these offices. They have all the knowledge regarding local building codes, costs and regulations. Moreover, each Property Returns office has registered qualified quantity surveyors, Tax Agents and property depreciation experts.

Availing investment property depreciation is the right of every investment or rental property owner and Property Returns is always ready to help you with that!!!

Get Your Depreciation Schedules Prepared By the Best in the Industry

Property Depreciation is a legislation that was introduced by the Australian Tax Office (ATO) in 1985 to encourage the real estate industry to construct more buildings in order to provide required rental accommodation for the increasing population in Australia. This legislation provides large property depreciation tax deductions for investors and owners of rental property in Australia. According to this rule the holding costs of the property asset are reduced significantly when a tax depreciation schedule is applied.

It means that just as you claim wear and tear on the purchased equipment or vehicles to generate income, you can also claim the depreciation for investment property or rental property against your taxable income. Claiming property depreciation on your investment or rental property is an entirely legal way of reducing the tax levied on your income-producing property in its current year.

As directed by the ATO, quantity surveyors are the only professionals, authorised to prepare tax depreciation schedules for rental or investment properties in Australia. Therefore, it is mandatory for investment property owners to appoint only ATO registered quantity surveyors to prepare a tax depreciation report. Moreover, the depreciation schedules must include the capital write down of construction cost on the investment property in accordance with the relevant ATO tax legislation.

So, if you are looking for an ATO registered expert quantity surveyor in Australia, then Property Returns can be your best choice. Property Returns is a leading quantity surveying firm that has 10 offices located in every major city and regional areas of Australia. They have an experienced and qualified team of quantity surveyors, registered Tax Agents, and property depreciation experts.