Depreciation Schedules FAQs

A depreciation schedule is a detailed report prepared for investment property owners that identifies eligible building and asset depreciation deductions. It helps maximise available tax benefits and provides your accountant with the information needed to claim depreciation correctly.

Depreciation schedules are most commonly used by residential and commercial property investors. If you own an income-producing property, you may be entitled to claim depreciation deductions that can improve your annual tax position.

Yes. Even older properties may contain eligible depreciating assets such as flooring, appliances, air conditioning systems, hot water systems, blinds, and other fixtures. Depending on the property's history and any renovations completed, substantial deductions may still be available.

The amount varies depending on the property's age, construction type, improvements, and installed assets. Many investors are surprised by the level of deductions available, making a professionally prepared depreciation schedule a valuable investment.

A depreciation schedule is typically prepared once and can often be used for the life of your ownership of the property. Your accountant can continue to use the report when preparing your annual tax returns.

Yes. Newly constructed properties often provide some of the highest depreciation benefits, as both the building structure and installed assets may be eligible for depreciation claims.

We generally require the property address and basic property details. Additional information such as building plans, settlement documents, renovation records, or construction costs may also assist in maximising available deductions.

Timeframes vary depending on the property and information available, but most schedules can be completed promptly once the required details have been provided.