May 10, 2025
Introduction: Unlocking Property Tax Savings
Property investment brings a range of financial benefits, and one of the most valuable tools for boosting returns is a Quantity Surveyor’s Report. Also known as a Capital Allowance and Tax Depreciation Schedule or simply a Depreciation Report, this document enables investors to claim annual tax deductions for both the building structure and depreciable assets.
At TDQS, we specialise in preparing accurate, ATO-compliant reports that help our clients enhance cash flow and reduce taxable income. Let’s explore what makes a high-quality Quantity Surveyor’s Report and why it’s indispensable for informed property investors.
What Is a Quantity Surveyor’s Report?
A Quantity Surveyor’s Report is a professionally prepared document that outlines the depreciation deductions available for a property. It is crucial for:
- Claiming deductions under Division 43 (building structure) and Division 40 (plant and equipment)
- Complying with Australian Tax Office (ATO) requirements
- Optimising tax benefits over the property’s lifespan
Industry Terms: What Else Is It Called?
You might also hear it referred to as:
- Capital Allowance and Tax Depreciation Schedule
- Depreciation Report or Schedule
Regardless of the term used, the purpose is the same: legally reducing your tax obligations through accurate documentation.
Why Choose TDQS for Your Depreciation Report?
At TDQS, we specialise exclusively in depreciation and capital allowance services. This ensures our reports comply with the latest tax rulings and ATO standards. We also offer a free desk-top feasibility assessment so you can understand potential value before committing.
Eligibility for Tax Depreciation as a Tenant
Checklist for Purchasing a Quantity Surveyor’s Report
- Tax Agent Registration
Ensure the quantity surveyor is registered with the Tax Practitioners Board of Australia.
- Specialisation in Depreciation
Choose a provider with deep knowledge of capital allowances and ATO regulations.
- Detailed Report Features
- Full 40-Year Forecast
Long-term view of claimable depreciation. - Division 43 and Division 40 Assets
Covers both structural improvements and plant & equipment assets. - Multiple Calculation Methods
Includes both Diminishing Value and Prime Cost options. - Scrapping and Disposal Calculations
Additional deductions for removed or replaced assets. - Pooling of Low-Cost Assets
Assets under $1,000 are grouped to maximise claims.
- Sample Report
Request a sample to ensure clarity and format usability for your accountant.
Free Desk-Top Feasibility Assessment
Unsure whether your property qualifies? Our free preliminary assessment estimates potential deductions—completely obligation-free.
Get a Free Quote Today
Fill out our “Get a Free Quote” form to receive a customised estimate for your property’s depreciation benefits in the first full financial year.
FAQs
- Can I use a Quantity Surveyor’s Report for my personal residence?
No, only for income-producing properties.
- How long is a Quantity Surveyor’s Report valid?
Up to 40 years or until major renovations occur.
- Are older properties eligible for depreciation?
Yes, eligibility varies based on build date and asset type.
- Do I need to update the report every year?
Only if renovations or asset replacements are made.
- Can I claim depreciation without a Quantity Surveyor’s Report?
No. The ATO requires a professionally prepared and compliant report.
