Why Is Tax Depreciation So Valuable?
A tax depreciation estimate is a preliminary guide that outlines the potential depreciation allowances an investor or business can claim on income-generating assets, such as commercial real estate. It serves as an overview of the tax benefits available for:
- Plant and Equipment (Fixtures and Fittings):
- Includes removable or mechanical assets like furniture, appliances, and air conditioning units.
- Capital Works (Structural Elements):
- Covers permanent structural components such as walls, roofs, and floors.
- Plant and Equipment (Fixtures and Fittings):
Purpose of a Tax Depreciation Estimate
A tax depreciation estimate is designed to give property investors a general understanding of potential depreciation allowances. It acts as a reference tool for:
- Assessing Depreciation Allowances:
Provides an approximate value of tax deductions available under ATO guidelines. - Understanding Cash Flow Potential:
Offers insight into how depreciation may reduce taxable income over time.
Key Features of a Tax Depreciation Estimate
- Preliminary Assessment Only:
- It is not a definitive tool for decision-making or financial planning.
- Provides a general idea of claimable depreciation rather than exact figures.
- Guide to Potential Tax Deductions:
- Helps property owners estimate the benefits of claiming depreciation allowances.
- Precedes a Full Depreciation Schedule:
- A full tax depreciation schedule is required for precise claims and compliance with ATO regulations.
Experience
Why Choose TDQS?
Expertise You Can Trust:
Over 28 years of experience in tax depreciation services across Australia and UK.
Comprehensive Reports
Detailed, ATO-compliant depreciation schedules valid for up to 40 years.
Nationwide Service
Servicing clients Australia-wide with prompt turnaround times.
Maximised Deductions
We ensure no tax deduction opportunity is overlooked.
