Quantity surveyors produce a detailed depreciation schedule to help investors
boost their cash return each financial year.
Depreciation is one of the most under claimed deductions that property investors fail to take advantage of.
A specialist quantity surveyor will prepare a depreciation schedule that outlines all of
the deductions the owner of a property can claim for both structural items and plant
and equipment assets. An owner and their accountant will then use this schedule to
implement the correct deductions when they go to lodge their income tax return.
It is crucial that property owners choose a depreciation schedule from a quantity surveyor
who offers a site inspection. If they do not inspect the property, it is possible that many
of the plant and equipment assets within the property will be neglected in the final report.
A quantity surveyor uses both the prime cost and diminishing value methods of
depreciation to calculate depreciation deductions. An investor should confer with
their accountant about what method is most appropriate for their circumstances.
Susan Flux, Brisbane
Since that time I known Tony and his team at Lee and Lee, they have provided me with outstanding advice and services regarding my personal, family and especially my SMSF borrowing setup for wealth creation and tax reduction strategies that have since led to financial independence.
I now very clear and feel confident on my future financial goals and taxation strategies and know they can be achieved with Tony's expert and professional help.
Shukri Barbara, Property Tax Specialists Sydney
Tony has impressed me with his technical knowledge and execution. He works with honesty and integrity and is generous in his dealings.
John Mu, Internet Marketing Strategist Gold Coast
Tony has the strategies which are helping me legally minimise tax. He has helped me in my personal development and wealth creation to build a multimillion dollar property portfolio.
If you want a hands-on accountant who knows his stuff...Tony Lee is the man!