Tax Depreciation Schedule
What is Depreciation?

According to the tax office, under income tax law, you are allowed to claim deductions for expenses incurred in earning
assessable income, eg. rent. The cost associated with the acquisition of capital assets, which provide benefit over their
"effective life" may be written off over a period of time as tax deductions and this is essentially known as depreciation
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What is a Tax Depreciation Schedule?

Many property owners are losing potential tax credits by failing to take full advantage of a property's tax depreciation potential.
A Tax Depreciation Schedule is a professionally produced document highlighting items of plant, equipment and capital costs
that may be depreciated. It incorporates the value of each depreciable item, including delivery costs, installation costs and the
cost associated with bringing the plant into full operation.
Are only new properties depreciable?

There is a common misconception that only new properties are eligible for depreciation. This is not the case. Whilst it is true
that new properties attract higher returns of depreciation, older properties can produce attractive returns also. In fact, in 99% of
cases, a deduction of some tangible value is attainable.
Can a Tax Depreciation Schedule increase my investment return?

The answer in the majority of cases is yes. A Tax Depreciation Schedule can reduce an investor’s taxable income, and hence
by claiming these deductions, investors can significantly enhance the after tax return from their investment and generate a
healthier cashflow.