Having a sample Depreciation Schedule is a great way to see what you’ll be getting when you order one.
We’ve included a few different sample Depreciation Schedules below. These show a variety of common depreciation scenarios for residential and commercial investment properties. They’re based on real-life investment properties*.
If you want a sample Depreciation Schedule to see how much depreciation may be available for your property, there’s a better way. To look up typical depreciation claims for properties built after 1988 use our estimates sheets. Estimates for brand new properties are here, estimates for existing properties are here.
For a more accurate estimate of your property, use our online calculator (you’ll need a few facts and figures about your property). Otherwise, call us on 1300 66 00 33 or use our online enquiry form here for a FREE human powered depreciation estimate.
Sample Depreciation Schedules Updated to reflect current legislation
Our sample depreciation schedules take into consideration the current depreciation rules introduced in the 2017 Housing Tax Integrity Bill. i.e., Depreciation is always available for the main building work, but assets/fixtures and fittings can only be depreciated when brand new at the time the property becomes an investment for you.
Download Your Sample Depreciation Schedule
Sample Residential Depreciation Schedules
- Brand New House Download
- Brand New House (furnished) Download
- Brand New Apartment Download
- Pre-existing Apartment Download
Sample Commercial Depreciation Schedules
*The amount of depreciation available in your investment property depends on property age, location, size, method of construction, quality and quantity of fixtures and fittings, and whether those fixtures and fittings were brand new when your property became an investment for you. Your property may vary considerably from these samples depending on those factors.
Sometimes also called a Tax Depreciation Report or just a Depreciation Schedule, a Tax Depreciation Schedule is a document that shows your accountant the tax deduction they can claim for depreciation each year in your tax return.
Depreciation on your investment property is just compensation for wear and tear. Buildings wear out. So do stoves, carpet, etc – especially with tenants. So you get to depreciate them, or write them down, a bit every year. The amount of depreciation you can claim typically needs to be established by a Quantity Surveyor.
Without a Depreciation Schedule, your accountant will not know how much depreciation can be claimed on your property.
It is often the largest claimable tax deduction for rental properties.
Your Depreciation Schedule will show you how much depreciation can be claimed on the building itself year after year. It will also show you what can be claimed on eligible structural renovations.
And it will show the depreciation that can be claimed on brand new Assets, or fixtures and fittings.
Both methods of depreciation will be shown: Diminishing Value and Prime Cost – not everyone does that.
And the Low Value Pool will be there – some companies forget this, too.
Everything you need to claim depreciation every year will be in your Depreciation Schedule.
It depends. Don’t you hate that answer? How much a Tax Depreciation Schedule costs depends on the location, age of the property, and the amount of information you have on the property. Sometimes it may not be worth you paying somebody to inspect. We have a solution for those cases. In a quick phone call 1300 660033, the team at Depreciator can work out the best way to tackle your job and give you a price. You can also lodge an obligation free enquiry here.
Order your Tax Depreciation Schedule online or call us on 1300 660 033.
Many property investors needing a Tax Depreciation Schedule ask ‘Can’t my accountant just do it?’. Accountants don’t have the skills or construction qualifications needed to estimate what an investment property might have cost to build, or renovate. The people best qualified to do that and produce your Depreciation Schedule are Quantity Surveyors.
Even when clients have an investment property built and have construction costs, these are not normally broken down in a way that an accountant can use to work out your depreciation claim.
They send their clients to us because they know we keep on top of the Depreciation rule changes, and because they know that when they get one of our Depreciation Schedules it will have exactly what they need.
Get a no-obligation quote today from the firm trusted by hundreds of CPA and Chartered Accountants Australia wide. 1300 66 00 66
