Expert depreciation strategies for your investment.
Depreciation expertise
Quantity surveyors are qualified professionals who specialise in estimating the construction costs of a property. This costing is essential to calculate the depreciation of items: as a property gets older, the items in the property depreciate in value as they wear out.
The ATO governs legislation that gives owners the opportunity to claim a tax deduction for the wear and tear on the property. This is tax depreciation.
Our partner
At Chase Wealth Australia, we engage BMT to complete independent depreciation schedules for each investment property, covering yours and your accountant’s tax minimisation requirements.
BMT Tax Depreciation Quantity Surveyors are the largest and most successful tax depreciation company in Australia. They specialise in ATO-compliant tax depreciation schedules for residential and commercial investment properties.
BMT’s quantity surveyors put together a tax depreciation schedule with many benefits:
Turn tax obligations into financial opportunities with expert strategies designed to make your tax dollars work for you.
Explore tax minimisationNavigate the complexities of the investment world with tailored strategies, ensuring the best returns for your portfolio growth.
Explore investment strategyExpert oversight of your investment property: tenants, maintenance, compliance and reporting handled by a dedicated team.
Explore property managementThere’s no one-size-fits-all approach to property investment. Every Chase Wealth Australia client is different, and there are many factors to weigh in each person’s unique situation: an appointment with a Chase Wealth Australia property expert gets all your questions answered.
Our depreciation partner
At Chase Wealth Australia, we engage BMT to complete independent depreciation schedules pertaining to each investment property for yours and your accountant’s tax minimisation requirements.
BMT Tax Depreciation Quantity Surveyors are the largest and most successful tax depreciation company in Australia. They specialise in ATO compliant tax depreciation schedules for residential and commercial investment properties.
A BMT schedule brings a number of benefits:
Common questions
A tax depreciation schedule is a report prepared by a qualified quantity surveyor that sets out the deductions you can claim for the wear and tear on an investment property and its assets. It typically covers up to forty years, and you hand it to your accountant so the deductions are claimed correctly each financial year.
Depreciation falls into two parts: capital works, which is the building’s structure and fixed items claimed under Division 43, and plant and equipment, which is removable assets like carpet, blinds and appliances claimed under Division 40. Together they can be one of the largest deductions available to a property investor, particularly on newer buildings.
Often yes, though the rules changed in 2017. For established residential properties you can still claim the building’s capital works and depreciation on any new assets you install, but not on second-hand plant and equipment that was already in the property. A quantity surveyor confirms exactly what applies to your property.
For most investment properties the deductions claimed over the life of the schedule far outweigh the one-off fee, and the fee itself is tax deductible. A quantity surveyor can estimate the likely deductions before you commit, so you know whether a schedule stacks up for your property.
If you make improvements or replace assets, those costs can add new deductions, so it is worth updating the schedule after a renovation. A good schedule also records the value of anything you scrap and replace, which can bring forward deductions you would otherwise lose.
Everyone’s position is different. A Chase Wealth Australia specialist will walk through yours and show you what property could do for it.
